WABWabtec Inc.
Options Analysis Report•RAILROAD EQUIPMENT
Market Cap $44.8B|NYSE
● 2026-04-17$263.37
VERY BULLISH
Analysis: 2026-04-16 EOD data
1Y +57.6%YTD +21.8%7D -1.5%
Options Vol
237
30D
Implied Move
±9.5%
IV Rank
11%
WAB Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 34.0% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 0.90x — IV ≤ HV
Sector Relative≤50%
Sector percentile 26% — below sector median
Term Structure
<1.1xFront/Back 1.18x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 31.9% — normal range
Spread-Adjusted Value
<80%Effective IV 39.5% (ATM 31.9% + spread 3.8% + bias) — excellent value
Execution Efficiency
<3.0%Total drag 5.84% (spread 3.82% + slippage 2.02%) — high friction
Vega Efficiency
≥5.0Vega efficiency 110.81 (vega 42.330 / spread 3.82%) — efficient
Sentiment
Bullish or bearish?
7.5
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +30%, Raw: +44%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +30% (strong bullish) — Raw: +44%
OI Skew Magnitude
≥15%|OI skew| 41.0% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +82.3%, OI skew +41.0% — aligned
Conviction Quality
≥2/3 conditions0-DTE 66%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +87%, ATM: -24%, OTM: -8% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 4% — very bullish vs sector
Activity
Unusual activity?
6.2
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 2.3x avg — hot
Turnover Rate
≥15%Vol/OI 9.2% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days2 day(s) elevated — sustained
OI Build
≥5%OI change +7.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 83% — very active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 44% — patient
Flow Conviction
≥30Conviction +30 (bullish) — moderate
Liquidity
Can I trade efficiently?
5.5
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 3.8% — acceptable
Adequate OI
≥10,000OI 2,561 — thin
Active Volume
≥500Volume 237/day — thin
Reasonable Cost
≤$0.50$0.19 to cross — cheap
Strike Coverage
≥5 strikes3 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 29% — tighter than sector
Order Book Depth
≥100 contractsDepth 30.0 contracts (bid:16.2 ask:13.8) — thin
Execution Quality
<1.0%Avg slippage 2.02% — 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 +17.7% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 34% — neutral
Event Detection
≥10pts kinkIV kink 4.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 382.38 — 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 +30% @ 65% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls7.3
bullishIV cheap, bullish flow
Long Puts5.3
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV too cheap, bullish flow
Covered Call3.7
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.