SOLVSolventum Corporation
Options Analysis Report•SURGICAL & MEDICAL INSTRUMENTS & APPARATUS
Market Cap $12.2B|NYSE
● 2026-04-17$70.48
BEARISH
Analysis: 2026-04-16 EOD data
1Y +10.2%YTD -10.8%7D +7.1%
Options Vol
123
30D
Implied Move
±10.1%
IV Rank
16%
SOLV Options Overview
bearish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.6
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 31.8% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.05x — IV premium over HV
Sector Relative≤50%
Sector percentile 21% — below sector median
Term Structure
<1.1xFront/Back 1.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.6% — normal range
Spread-Adjusted Value
<80%Effective IV 83.4% (ATM 31.6% + spread 25.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 37.19% (spread 25.89% + slippage 11.30%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.41 (vega 11.411 / spread 25.89%) — spread drag
Sentiment
Bullish or bearish?
1.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -97%, Raw: -96%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -97% (strong bearish) — Raw: -96%
OI Skew Magnitude
≥15%|OI skew| 52.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -49.6%, OI skew +52.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 3%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -100%, ATM: -100%, OTM: -96% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
3.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.7x avg — normal
Turnover Rate
≥15%Vol/OI 1.4% — 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 +3.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 25% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 41% — patient
Flow Conviction
≥30Conviction -97 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
3.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 25.9% — wide
Adequate OI
≥10,000OI 8,637 — thin
Active Volume
≥500Volume 123/day — thin
Reasonable Cost
≤$0.50$1.29 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 25% — tighter than sector
Order Book Depth
≥100 contractsDepth 79.2 contracts (bid:49.4 ask:29.8) — thin
Execution Quality
<1.0%Avg slippage 11.30% — poor
Timing
Is now a good time?
7.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +20.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 32% — neutral
Event Detection
≥10pts kinkIV kink 5.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 410.48 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 27d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -97% @ 98% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.6
bullishIV cheap, bearish flow
Long Puts8.0
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put2.8
bullishIV too cheap, bearish flow
Covered Call5.6
bearishIV too cheap, bearish flow
For educational purposes only. Not investment advice.