RFRegions Financial Corp.
Options Analysis Report•NATIONAL COMMERCIAL BANKS
Market Cap $24.0B|NYSE
● 2026-04-17$28.13
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +47.4%YTD +2.1%7D +2.3%
Options Vol
3,763
30D
Implied Move
±9.2%
IV Rank
62%
RF Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 54.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.71x — IV premium over HV
Sector Relative≤50%
Sector percentile 74% — above sector median
Term Structure
<1.1xFront/Back 1.10x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 37.4% — normal range
Spread-Adjusted Value
<80%Effective IV 90.3% (ATM 37.4% + spread 26.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 36.71% (spread 26.44% + slippage 10.27%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.22 (vega 0.583 / spread 26.44%) — spread drag
Sentiment
Bullish or bearish?
4.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +21%, Raw: +26%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +21% (bullish) — Raw: +26%
OI Skew Magnitude
≥15%|OI skew| 5.3% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -15.5%, OI skew -5.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 37%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -60%, ATM: -50%, OTM: +43% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 82% — very bearish vs sector
Activity
Unusual activity?
5.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 2.8x avg — hot
Turnover Rate
≥15%Vol/OI 4.3% — 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 +5.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 49% — neutral vs sector
Trade Quality
≥30%Large trade volume 54% — heavy institutional
Execution Urgency
≥60%Aggressive execution 47% — patient
Flow Conviction
≥30Conviction +21 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 26.4% — wide
Adequate OI
≥10,000OI 87,451 — deep
Active Volume
≥500Volume 3,763/day — adequate
Reasonable Cost
≤$0.50$1.32 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 75% — wider than sector
Order Book Depth
≥100 contractsDepth 293.1 contracts (bid:185.5 ask:107.6) — adequate
Execution Quality
<1.0%Avg slippage 10.27% — poor
Timing
Is now a good time?
5.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +9.9% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 55% — neutral
Event Detection
≥10pts kinkIV kink 3.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 2.29 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)HIGH RISK: Earnings in 0d (HIGH RISK)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +21% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 84 (ITM 20% + inst 54%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.0
bullishIV expensive, mixed flow
Long Puts4.2
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.3
bullishIV rich premium, mixed flow
Covered Call5.5
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.