SYYSysco Corporation
Options Analysis Report•WHOLESALE-GROCERIES & RELATED PRODUCTS
Market Cap $36.5B|NYSE
● 2026-04-17$76.27
BULLISH
Analysis: 2026-04-16 EOD data
1Y +6.8%YTD +5.0%7D +4.7%
Options Vol
5,293
30D
Implied Move
±8.4%
IV Rank
78%
SYY Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
Loading score history...
Value
Is IV priced right?
7.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks8/9 checks passed
IV Rank
≤35%IV Rank 19.7% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.44x — IV ≤ HV
Sector Relative≤50%
Sector percentile 21% — below sector median
Term Structure
<1.1xFront/Back 1.08x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 28.4% — normal range
Spread-Adjusted Value
<80%Effective IV 55.7% (ATM 28.4% + spread 13.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 19.78% (spread 13.64% + slippage 6.14%) — high friction
Vega Efficiency
≥5.0Vega efficiency 17.55 (vega 23.937 / spread 13.64%) — efficient
Sentiment
Bullish or bearish?
7.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Strong signal (Conviction: +26%, Raw: +22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +26% (bullish) — Raw: +22%
OI Skew Magnitude
≥15%|OI skew| 54.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +62.4%, OI skew +54.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 8%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +73%, ATM: +34%, OTM: +1% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 3% — very bullish vs sector
Activity
Unusual activity?
4.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 5.4% — 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 +2.1% (5d) — building
Sector Relative≥60%
Sector activity percentile 63% — active vs sector
Trade Quality
≥30%Large trade volume 55% — heavy institutional
Execution Urgency
≥60%Aggressive execution 52% — patient
Flow Conviction
≥30Conviction +26 (bullish) — mixed
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks4/8 checks passed
Tradeable Spread
≤5.0%Spread 13.6% — wide
Adequate OI
≥10,000OI 98,749 — deep
Active Volume
≥500Volume 5,293/day — active
Reasonable Cost
≤$0.50$0.68 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 26% — tighter than sector
Order Book Depth
≥100 contractsDepth 217.1 contracts (bid:133.2 ask:83.9) — adequate
Execution Quality
<1.0%Avg slippage 6.14% — poor
Timing
Is now a good time?
7.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +8.1% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 20% — buyer opportunity
Event Detection
≥10pts kinkIV kink 2.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1544.34 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 11d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +26% @ 63% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 85 (ITM 20% + inst 55%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls7.4
bullishIV cheap, bullish flow
Long Puts5.2
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.3
bullishIV too cheap, bullish flow
Covered Call3.6
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.