TKOTKO Group Holdings, Inc.
Options Analysis Report•SERVICES-AMUSEMENT & RECREATION SERVICES
Market Cap $14.5B|NYSE
● 2026-04-17$186.31
BULLISH
Analysis: 2026-04-16 EOD data
1Y +30.2%YTD -10.0%7D -5.6%
Options Vol
1,472
30D
Implied Move
±11.8%
IV Rank
63%
TKO Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.4
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 64.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.09x — IV premium over HV
Sector Relative≤50%
Sector percentile 60% — above sector median
Term Structure
<1.1xFront/Back 1.14x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 39.8% — normal range
Spread-Adjusted Value
<80%Effective IV 72.9% (ATM 39.8% + spread 16.6% + bias) — fair
Execution Efficiency
<3.0%Total drag 25.94% (spread 16.55% + slippage 9.39%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.32 (vega 3.839 / spread 16.55%) — spread drag
Sentiment
Bullish or bearish?
6.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +22%, Raw: +28%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +22% (bullish) — Raw: +28%
OI Skew Magnitude
≥15%|OI skew| 7.7% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +37.8%, OI skew -7.7% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 26%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -82%, ATM: +43%, OTM: +27% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 69% — 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 2.5x avg — hot
Turnover Rate
≥15%Vol/OI 8.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change -26.2% (5d) — unwinding
Sector Relative≥60%
Sector activity percentile 62% — active vs sector
Trade Quality
≥30%Large trade volume 17% — mixed
Execution Urgency
≥60%Aggressive execution 57% — patient
Flow Conviction
≥30Conviction +22 (bullish) — mixed
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 16.6% — wide
Adequate OI
≥10,000OI 18,121 — adequate
Active Volume
≥500Volume 1,472/day — adequate
Reasonable Cost
≤$0.50$0.83 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 65% — wider than sector
Order Book Depth
≥100 contractsDepth 59.0 contracts (bid:29.8 ask:29.2) — thin
Execution Quality
<1.0%Avg slippage 9.39% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +13.5% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 64% — neutral
Event Detection
≥10pts kinkIV kink 4.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.39 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 19d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +22% @ 61% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 47 (ITM 20% + inst 17%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls5.3
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV fair, bullish flow
Covered Call4.5
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.