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AFRUT-REX 2X Long AFRM Daily Target ETF

Options Analysis Report
Market Cap: --|BATS
● 2026-08-31$11.20
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -56.1%YTD -22.9%7D +2.6%
84
30D
±29.4%
0%

AFRU Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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AFRU Gamma Walls

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Value

Is IV priced right?

4.2
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks2/9 checks passed
≤35%

IV Rank 96.8% — elevated vs history

<1.05x

IV/HV 1.09x — IV premium over HV

Sector Relative≤50%

Sector percentile 97% — above sector median

<1.1x

Front/Back 0.92x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 106.7% — crisis-level IV

<80%

Effective IV 244.9% (ATM 106.7% + spread 69.1% + bias) — expensive

<3.0%

Total drag 78.03% (spread 69.12% + slippage 8.91%) — high friction

≥5.0

Vega efficiency 0.15 (vega 1.049 / spread 69.12%) — spread drag

Sentiment

Bullish or bearish?

5.9
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -17%, Raw: -33%)
|net sentiment| ≥25%

Conviction-weighted: -17% (bearish) — Raw: -33%

≥15%

|OI skew| 24.6% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +64.3%, OI skew +24.6% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -20%, ATM: +33%, OTM: -43% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 19% — very bullish vs sector

Activity

Unusual activity?

7.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 3.0x avg — hot

≥15%

Vol/OI 35.6% — high turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +103.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 98% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 3% — patient

≥30

Conviction -17 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.3
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks1/8 checks passed
≤5.0%

Spread 69.1% — wide

≥10,000

OI 236 — thin

≥500

Volume 84/day — thin

≤$0.50

$3.46 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 98% — much wider than sector

≥100 contracts

Depth 187.9 contracts (bid:86.9 ask:101.0) — adequate

<1.0%

Avg slippage 8.91% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -8.4% — contango

<30 or >70

IV percentile 97% — seller opportunity

≥10pts kink

IV kink -3.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 36.79 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -17% @ 58% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.0
bullishIV fair, mixed flow
Long Puts4.3
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, mixed flow
Covered Call4.7
bearishIV fair, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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