UHSUniversal Health Services, Inc. Class B
Options Analysis Report•SERVICES-GENERAL MEDICAL & SURGICAL HOSPITALS, NEC
Market Cap $11.1B|NYSE
● 2026-04-17$182.41
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y +16.1%YTD -17.0%7D +0.9%
Options Vol
123
30D
Implied Move
±11.9%
IV Rank
27%
UHS Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 63.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.59x — IV premium over HV
Sector Relative≤50%
Sector percentile 64% — above sector median
Term Structure
<1.1xFront/Back 1.10x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 39.6% — normal range
Spread-Adjusted Value
<80%Effective IV 81.4% (ATM 39.6% + spread 20.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 25.88% (spread 20.89% + slippage 4.99%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.76 (vega 3.667 / spread 20.89%) — spread drag
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +94%, Raw: +91%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +94% (strong bullish) — Raw: +91%
OI Skew Magnitude
≥15%|OI skew| 79.9% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -61.0%, OI skew -79.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 24%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +94%, ATM: +100%, OTM: +43% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 90% — very bearish vs sector
Activity
Unusual activity?
3.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 1.1% — 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 +423.8% (5d) — building
Sector Relative≥60%
Sector activity percentile 19% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 27% — patient
Flow Conviction
≥30Conviction +94 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 20.9% — wide
Adequate OI
≥10,000OI 11,199 — adequate
Active Volume
≥500Volume 123/day — thin
Reasonable Cost
≤$0.50$1.04 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 66% — wider than sector
Order Book Depth
≥100 contractsDepth 36.400000000000006 contracts (bid:16.1 ask:20.3) — thin
Execution Quality
<1.0%Avg slippage 4.99% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +10.4% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 63% — neutral
Event Detection
≥10pts kinkIV kink 3.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.04 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 10d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +94% @ 97% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.2
bullishIV expensive, bullish flow
Long Puts4.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put5.8
bullishIV rich premium, bullish flow
Covered Call4.5
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.