TYLTyler Technologies, Inc.
Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE
Market Cap $14.5B|NYSE
● 2026-04-17$342.61
BULLISH
Analysis: 2026-04-16 EOD data
1Y -38.3%YTD -21.4%7D +8.0%
Options Vol
73
30D
Implied Move
±15.3%
IV Rank
30%
TYL Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.8
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 86.8% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.70x — IV premium over HV
Sector Relative≤50%
Sector percentile 61% — above sector median
Term Structure
<1.1xFront/Back 1.15x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 54.0% — normal range
Spread-Adjusted Value
<80%Effective IV 95.0% (ATM 54.0% + spread 20.5% + bias) — expensive
Execution Efficiency
<3.0%Total drag 44.35% (spread 20.50% + slippage 23.85%) — high friction
Vega Efficiency
≥5.0Vega efficiency 18.56 (vega 38.051 / spread 20.50%) — efficient
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: -12%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -4% (neutral) — Raw: -12%
OI Skew Magnitude
≥15%|OI skew| 36.6% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +47.9%, OI skew +36.6% — aligned
Conviction Quality
≥2/3 conditions0-DTE 63%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +75%, OTM: -32% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 23% — very bullish vs sector
Activity
Unusual activity?
3.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 1.1x avg — normal
Turnover Rate
≥15%Vol/OI 2.2% — 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 +8.7% (5d) — building
Sector Relative≥60%
Sector activity percentile 16% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 12% — patient
Flow Conviction
≥30Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.2
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 20.5% — wide
Adequate OI
≥10,000OI 3,329 — thin
Active Volume
≥500Volume 73/day — thin
Reasonable Cost
≤$0.50$1.02 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 62% — wider than sector
Order Book Depth
≥100 contractsDepth 15.0 contracts (bid:6.7 ask:8.3) — thin
Execution Quality
<1.0%Avg slippage 23.85% — poor
Timing
Is now a good time?
6.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +15.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 87% — seller opportunity
Event Detection
≥10pts kinkIV kink 6.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 102.01 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 5d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -4% @ 52% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV expensive, bullish flow
Long Puts4.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV rich premium, bullish flow
Covered Call4.6
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.