STTState Street Corporation
Options Analysis Report•STATE COMMERCIAL BANKS
Market Cap $40.3B|NYSE
● 2026-04-17$145.43
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +80.4%YTD +12.7%7D +4.3%
Options Vol
2,936
30D
Implied Move
±10.4%
IV Rank
68%
STT Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.2
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 61.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.86x — IV premium over HV
Sector Relative≤50%
Sector percentile 80% — above sector median
Term Structure
<1.1xFront/Back 1.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 39.3% — normal range
Spread-Adjusted Value
<80%Effective IV 77.4% (ATM 39.3% + spread 19.0% + bias) — fair
Execution Efficiency
<3.0%Total drag 27.48% (spread 19.04% + slippage 8.44%) — high friction
Vega Efficiency
≥5.0Vega efficiency 18.79 (vega 35.768 / spread 19.04%) — efficient
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: +17%, Raw: +13%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +17% (bullish) — Raw: +13%
OI Skew Magnitude
≥15%|OI skew| 21.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -43.8%, OI skew +21.7% — divergent (opposite)
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: -42%, ATM: +38%, OTM: +6% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 93% — 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 2.7x avg — hot
Turnover Rate
≥15%Vol/OI 11.3% — 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 +11.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 88% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 35% — patient
Flow Conviction
≥30Conviction +17 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 19.0% — wide
Adequate OI
≥10,000OI 25,926 — adequate
Active Volume
≥500Volume 2,936/day — adequate
Reasonable Cost
≤$0.50$0.95 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 93.9 contracts (bid:57.4 ask:36.5) — thin
Execution Quality
<1.0%Avg slippage 8.44% — poor
Timing
Is now a good time?
5.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks4/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +20.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 61% — neutral
Event Detection
≥10pts kinkIV kink 5.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 868.16 — 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 +17% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.1
bullishIV expensive, mixed flow
Long Puts4.1
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.2
bullishIV rich premium, mixed flow
Covered Call5.2
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.