WTWWillis Towers Watson Public Limited Company Ordinary Shares
Options Analysis Report•INSURANCE AGENTS, BROKERS & SERVICE
Market Cap $28.0B|NASDAQ
● 2026-04-17$297.64
BULLISH
Analysis: 2026-04-16 EOD data
1Y -5.7%YTD -8.8%7D +6.2%
Options Vol
64
30D
Implied Move
±9.7%
IV Rank
9%
WTW Options Overview
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 Checks2/9 checks passed
IV Rank
≤35%IV Rank 37.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.36x — IV premium over HV
Sector Relative≤50%
Sector percentile 60% — above sector median
Term Structure
<1.1xFront/Back 1.16x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 32.7% — normal range
Spread-Adjusted Value
<80%Effective IV 98.6% (ATM 32.7% + spread 33.0% + bias) — expensive
Execution Efficiency
<3.0%Total drag 44.16% (spread 32.97% + slippage 11.19%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.25 (vega 4.114 / spread 32.97%) — spread drag
Sentiment
Bullish or bearish?
7.7
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +34%, Raw: +9%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +34% (strong bullish) — Raw: +9%
OI Skew Magnitude
≥15%|OI skew| 19.8% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +87.5%, OI skew +19.8% — aligned
Conviction Quality
≥2/3 conditions0-DTE 64%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +6%, OTM: +100% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 4% — very bullish vs sector
Activity
Unusual activity?
2.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.2x 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 +2.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 29% — below sector avg
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 20% — patient
Flow Conviction
≥30Conviction +34 (bullish) — moderate
Liquidity
Can I trade efficiently?
2.3
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 33.0% — wide
Adequate OI
≥10,000OI 2,218 — thin
Active Volume
≥500Volume 64/day — thin
Reasonable Cost
≤$0.50$1.65 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 62% — wider than sector
Order Book Depth
≥100 contractsDepth 31.799999999999997 contracts (bid:16.9 ask:14.9) — thin
Execution Quality
<1.0%Avg slippage 11.19% — poor
Timing
Is now a good time?
6.6
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks5/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +15.6% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 37% — neutral
Event Detection
≥10pts kinkIV kink 4.5pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 6.79 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: Earnings in 6d (elevated risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +34% @ 67% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.4
bullishIV fair, bullish flow
Long Puts3.8
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, bullish flow
Covered Call3.8
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.