RACEFerrari N.V.
Options Analysis Report
Market Cap $65.8B|NYSE
● 2026-04-17$372.85
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -14.2%YTD +0.3%7D +6.0%
Options Vol
765
30D
Implied Move
±10.0%
IV Rank
49%
RACE Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
7.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 33.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 12% — below sector median
Term Structure
<1.1xFront/Back 0.99x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 34.3% — normal range
Spread-Adjusted Value
<80%Effective IV 42.7% (ATM 34.3% + spread 4.2% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 9.04% (spread 4.20% + slippage 4.84%) — high friction
Vega Efficiency
≥5.0Vega efficiency 66.58 (vega 27.962 / spread 4.20%) — efficient
Sentiment
Bullish or bearish?
4.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: +1%, Raw: -0%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +1% (neutral) — Raw: -0%
OI Skew Magnitude
≥15%|OI skew| 1.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -14.8%, OI skew -1.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 25%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +52%, ATM: -44%, OTM: +3% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 82% — very bearish vs sector
Activity
Unusual activity?
2.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.8x avg — normal
Turnover Rate
≥15%Vol/OI 2.3% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +2.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 53% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
5.4
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks5/8 checks passed
Tradeable Spread
≤5.0%Spread 4.2% — acceptable
Adequate OI
≥10,000OI 33,726 — adequate
Active Volume
≥500Volume 765/day — adequate
Reasonable Cost
≤$0.50$0.21 to cross — cheap
Strike Coverage
≥5 strikes7 liquid strikes — good coverage
Sector Relative≤40%
Sector spread percentile 55% — neutral vs sector
Order Book Depth
≥100 contractsDepth 33.9 contracts (bid:20.4 ask:13.5) — thin
Execution Quality
<1.0%Avg slippage 4.84% — poor
Timing
Is now a good time?
6.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -1.2% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink -1.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 104.96 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +1% @ 50% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV cheap, mixed flow
Long Puts6.3
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call4.8
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.