SCHWThe Charles Schwab Corporation
Options Analysis Report•SECURITY BROKERS, DEALERS & FLOTATION COMPANIES
Market Cap $160.4B|NYSE
● 2026-04-17$92.28
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +23.1%YTD -9.1%7D -2.7%
Options Vol
107,018
30D
Implied Move
±8.7%
IV Rank
56%
SCHW Options Overview
unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.4
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 36.9% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.86x — IV ≤ HV
Sector Relative≤50%
Sector percentile 58% — above sector median
Term Structure
<1.1xFront/Back 1.08x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.6% — normal range
Spread-Adjusted Value
<80%Effective IV 64.8% (ATM 32.6% + spread 16.1% + bias) — good value
Execution Efficiency
<3.0%Total drag 21.96% (spread 16.11% + slippage 5.85%) — high friction
Vega Efficiency
≥5.0Vega efficiency 7.86 (vega 12.667 / spread 16.11%) — efficient
Sentiment
Bullish or bearish?
4.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -24%, Raw: -20%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -24% (bearish) — Raw: -20%
OI Skew Magnitude
≥15%|OI skew| 17.1% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -4.7%, OI skew -17.1% — weak (same direction)
Conviction Quality
≥2/3 conditions0-DTE 42%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -31%, ATM: -19%, OTM: -21% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 70% — very bearish vs sector
Activity
Unusual activity?
7.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks6/9 checks passed
Volume Surge
≥1.5xVolume 3.4x avg — hot
Turnover Rate
≥15%Vol/OI 23.0% — high turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days4 day(s) elevated — sustained
OI Build
≥5%OI change +24.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 97% — very active vs sector
Trade Quality
≥30%Large trade volume 34% — institutional presence
Execution Urgency
≥60%Aggressive execution 38% — patient
Flow Conviction
≥30Conviction -24 (bearish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 16.1% — wide
Adequate OI
≥10,000OI 466,204 — deep
Active Volume
≥500Volume 107,018/day — active
Reasonable Cost
≤$0.50$0.81 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 60% — wider than sector
Order Book Depth
≥100 contractsDepth 642.3 contracts (bid:461.3 ask:181.0) — deep
Execution Quality
<1.0%Avg slippage 5.85% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +7.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 37% — neutral
Event Detection
≥10pts kinkIV kink 2.4pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 285.29 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -24% @ 62% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 64 (ITM 20% + inst 34%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV cheap, mixed flow
Long Puts6.0
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call5.1
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.