NOV
NOV Inc.
Rating 4.2 / 5 Recommendation Open trade

Credit put spread analysis · · Good setup

IV Rank
78
Implied volatility percentile
Trend
0.88
Long-term trend score
Safety
6/8
Quality checks passed
Drop
-5.9%
Day 2 of drop
1Y Change
13.2%
Trailing 12 months
Earnings
Clear
No event in window

AI analysis

The stock has dropped -5.88% recently, but the overall trend is up (88%). With a Safety rating of 6/8, the stock appears to be reasonably stable. The Implied Volatility (IV) is at 78%, which is relatively high, making it a good opportunity for a credit put spread.

For an OPEN recommendation, we could sell the put at a strike price of $16.80 (5% below the current price) and buy the put at a strike price of $15.90 (5% below the sell strike). This would result in a spread width of $0.90, or about 5% of the current stock price.

Considering the data provided, this seems like a strong opportunity with a good risk/reward ratio, and I would rate it a 4.2 out of 5.0.

Recommended credit put spread

AI-suggested setup based on the latest screen. Expiration Mar 12, 2026.

Sell
$17.00
Short put (collects premium)
Buy
$16.00
Long put (caps risk)
Width
$1.00
Estimated credit
$1.25
Max risk
$-0.25
Expiration
Mar 12, 2026

For entertainment purposes only. Not a recommendation to trade. Disclaimer.