UMCUnited Microelectronic Corp.
Options Analysis Report
Market Cap $50.2B|NYSE
● 2026-06-09$20.00
BULLISH
Analysis: 2026-06-08 EOD data
1Y +157.7%YTD +155.1%7D -11.0%
Options Vol
28,697
30D
Implied Move
±23.9%
IV Rank
95%
UMC Options Overview
IV is elevated with bullish flow and unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.9
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 88.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.13x — IV premium over HV
Sector Relative≤50%
Sector percentile 67% — above sector median
Term Structure
<1.1xFront/Back 1.01x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 80.8% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 109.7% (ATM 80.8% + spread 14.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 20.12% (spread 14.45% + slippage 5.67%) — high friction
Vega Efficiency
≥5.0Vega efficiency 3.18 (vega 4.595 / spread 14.45%) — spread drag
Sentiment
Bullish or bearish?
6.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksNeutral - Strong signal (Conviction: +10%, Raw: +10%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +10% (neutral) — Raw: +10%
OI Skew Magnitude
≥15%|OI skew| 66.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +88.2%, OI skew +66.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -21%, ATM: +7%, OTM: +10% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 11% — very bullish vs sector
Activity
Unusual activity?
5.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 1.6x avg — elevated
Turnover Rate
≥15%Vol/OI 10.8% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +1.4% (5d) — stable
Sector Relative≥60%
Sector activity percentile 89% — very active vs sector
Trade Quality
≥30%Large trade volume 67% — heavy institutional
Execution Urgency
≥60%Aggressive execution 54% — patient
Flow Conviction
≥30Conviction +10 (bullish) — mixed
Liquidity
Can I trade efficiently?
3.7
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 14.4% — wide
Adequate OI
≥10,000OI 266,242 — deep
Active Volume
≥500Volume 28,697/day — active
Reasonable Cost
≤$0.50$0.72 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 467.5 contracts (bid:276.8 ask:190.7) — adequate
Execution Quality
<1.0%Avg slippage 5.67% — poor
Timing
Is now a good time?
6.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +0.6% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 88% — seller opportunity
Event Detection
≥10pts kinkIV kink 0.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 306.33 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +10% @ 55% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 97 (ITM 20% + inst 67%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.9
bullishIV expensive, bullish flow
Long Puts3.7
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.5
bullishIV rich premium, bullish flow
Covered Call4.9
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.