WSMWilliams-Sonoma, Inc.
Options Analysis Report•RETAIL-HOME FURNITURE, FURNISHINGS & EQUIPMENT STORES
Market Cap $23.6B|NYSE
● 2026-04-17$198.69
BULLISH
Analysis: 2026-04-16 EOD data
1Y +44.1%YTD +5.8%7D +5.1%
Options Vol
1,307
30D
Implied Move
±10.9%
IV Rank
16%
WSM Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 74.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.46x — IV premium over HV
Sector Relative≤50%
Sector percentile 69% — above sector median
Term Structure
<1.1xFront/Back 0.87x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 44.3% — normal range
Spread-Adjusted Value
<80%Effective IV 60.7% (ATM 44.3% + spread 8.2% + bias) — good value
Execution Efficiency
<3.0%Total drag 14.27% (spread 8.21% + slippage 6.06%) — high friction
Vega Efficiency
≥5.0Vega efficiency 4.66 (vega 3.824 / spread 8.21%) — spread drag
Sentiment
Bullish or bearish?
7.2
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +45%, Raw: +43%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +45% (strong bullish) — Raw: +43%
OI Skew Magnitude
≥15%|OI skew| 11.8% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +88.5%, OI skew -11.8% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 75%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +65%, ATM: +29%, OTM: -30% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
5.6
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks4/9 checks passed
Volume Surge
≥1.5xVolume 2.1x avg — hot
Turnover Rate
≥15%Vol/OI 6.9% — 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 +1.9% (5d) — stable
Sector Relative≥60%
Sector activity percentile 68% — active vs sector
Trade Quality
≥30%Large trade volume 55% — heavy institutional
Execution Urgency
≥60%Aggressive execution 40% — patient
Flow Conviction
≥30Conviction +45 (bullish) — moderate
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 8.2% — wide
Adequate OI
≥10,000OI 19,067 — adequate
Active Volume
≥500Volume 1,307/day — adequate
Reasonable Cost
≤$0.50$0.41 to cross — cheap
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 70% — wider than sector
Order Book Depth
≥100 contractsDepth 38.3 contracts (bid:19.9 ask:18.4) — thin
Execution Quality
<1.0%Avg slippage 6.06% — poor
Timing
Is now a good time?
7.7
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -13.4% — contango
IV Percentile Clarity
<30 or >70IV percentile 74% — seller opportunity
Event Detection
≥10pts kinkIV kink -6.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 3.71 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No events detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +45% @ 72% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 85 (ITM 20% + inst 55%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.9
bullishIV fair, bullish flow
Long Puts4.4
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, bullish flow
Covered Call4.5
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.