STRDStrategy Inc 10.00% Series A Perpetual Stride Preferred Stock
Options Analysis Report•FINANCE SERVICES
Market Cap: --|NASDAQ
● 2026-04-17$77.14
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -12.9%YTD +2.0%7D +1.5%
Options Vol
15
30D
Implied Move
±5.0%
IV Rank
100%
STRD Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.8
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 66.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 3.19x — IV premium over HV
Sector Relative≤50%
Sector percentile 77% — above sector median
Term Structure
<1.1xFront/Back 0.66x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 54.3% — normal range
Spread-Adjusted Value
<80%Effective IV 227.0% (ATM 54.3% + spread 86.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 125.80% (spread 86.37% + slippage 39.43%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.42 (vega 12.282 / spread 86.37%) — spread drag
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +16%, Raw: +20%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +16% (bullish) — Raw: +20%
OI Skew Magnitude
≥15%|OI skew| 47.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -46.7%, OI skew +47.4% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 47%, 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: -33%, OTM: +100% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 93% — very bearish vs sector
Activity
Unusual activity?
2.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks0/9 checks passed
Volume Surge
≥1.5xVolume 0.3x avg — normal
Turnover Rate
≥15%Vol/OI 0.6% — 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 -0.3% (5d) — stable
Sector Relative≥60%
Sector activity percentile 15% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 50% — patient
Flow Conviction
≥30Conviction +16 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 86.4% — wide
Adequate OI
≥10,000OI 2,369 — thin
Active Volume
≥500Volume 15/day — thin
Reasonable Cost
≤$0.50$4.32 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 81% — much wider than sector
Order Book Depth
≥100 contractsDepth 99.60000000000001 contracts (bid:97.4 ask:2.2) — thin
Execution Quality
<1.0%Avg slippage 39.43% — poor
Timing
Is now a good time?
6.4
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -34.2% — contango
IV Percentile Clarity
<30 or >70IV percentile 66% — neutral
Event Detection
≥10pts kinkIV kink -13.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 366.62 — favors income trades
Expiration Distribution
≥3 expirations3 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 +16% @ 62% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls3.7
bullishIV expensive, mixed flow
Long Puts3.7
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.6
bullishIV rich premium, mixed flow
Covered Call5.6
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.