WGSGeneDx Holdings Corp. Class A Common Stock
Options Analysis Report•SERVICES-HEALTH SERVICES
Market Cap $1.9B|NASDAQ
● 2026-04-17$65.96
NEUTRAL
Analysis: 2026-04-16 EOD data
1Y -27.5%YTD -50.1%7D +10.6%
Options Vol
517
30D
Implied Move
±28.7%
IV Rank
39%
WGS Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.9
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 90.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.21x — IV premium over HV
Sector Relative≤50%
Sector percentile 68% — above sector median
Term Structure
<1.1xFront/Back 0.93x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 94.5% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 145.2% (ATM 94.5% + spread 25.3% + bias) — expensive
Execution Efficiency
<3.0%Total drag 31.80% (spread 25.33% + slippage 6.47%) — high friction
Vega Efficiency
≥5.0Vega efficiency 8.20 (vega 20.764 / spread 25.33%) — efficient
Sentiment
Bullish or bearish?
5.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBullish - Moderate signal (Conviction: +17%, Raw: +16%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +17% (bullish) — Raw: +16%
OI Skew Magnitude
≥15%|OI skew| 38.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -9.1%, OI skew +38.9% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 52%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +41%, ATM: +100%, OTM: -20% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 80% — very bearish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.6x avg — normal
Turnover Rate
≥15%Vol/OI 2.9% — 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 +48.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 64% — active vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 24% — patient
Flow Conviction
≥30Conviction +17 (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 25.3% — wide
Adequate OI
≥10,000OI 17,852 — adequate
Active Volume
≥500Volume 517/day — adequate
Reasonable Cost
≤$0.50$1.27 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 87% — much wider than sector
Order Book Depth
≥100 contractsDepth 87.6 contracts (bid:40.4 ask:47.2) — thin
Execution Quality
<1.0%Avg slippage 6.47% — 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 -6.5% — contango
IV Percentile Clarity
<30 or >70IV percentile 90% — seller opportunity
Event Detection
≥10pts kinkIV kink -14.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 603.59 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +17% @ 58% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, mixed flow
Long Puts4.4
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.3
bullishIV rich premium, mixed flow
Covered Call5.0
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.