Options/AMBA

AMBAAmbarella, Inc. Ordinary Shares

Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES

Market Cap $3.1B|NASDAQ

● 2026-08-28$70.63

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y -14.4%YTD -6.0%7D -4.2%

Options Vol

18,576

30D

Implied Move

±24.7%

IV Rank

23%

AMBA Options Overview

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

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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AMBA Gamma Walls

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Value

Is IV priced right?

3.6

ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 89.9% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.09x — IV premium over HV

Sector Relative≤50%

Sector percentile 79% — above sector median

Term Structure

<1.1x

Front/Back 1.83x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 77.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 157.1% (ATM 77.4% + spread 39.9% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 50.76% (spread 39.86% + slippage 10.90%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 2.19 (vega 8.733 / spread 39.86%) — spread drag

Sentiment

Bullish or bearish?

4.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -9%, Raw: -10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -9% (neutral) — Raw: -10%

OI Skew Magnitude

≥15%

|OI skew| 25.1% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -21.5%, OI skew +25.1% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 2%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +42%, ATM: -29%, OTM: -4% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 89% — very bearish vs sector

Activity

Unusual activity?

6.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 3.7x avg — hot

Turnover Rate

≥15%

Vol/OI 51.3% — high turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -35.4% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 99% — very active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 34% — patient

Flow Conviction

≥30

Conviction -9 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.2

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 39.9% — wide

Adequate OI

≥10,000

OI 36,238 — adequate

Active Volume

≥500

Volume 18,576/day — active

Reasonable Cost

≤$0.50

$1.99 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 88% — much wider than sector

Order Book Depth

≥100 contracts

Depth 50.0 contracts (bid:23.2 ask:26.8) — thin

Execution Quality

<1.0%

Avg slippage 10.90% — poor

Timing

Is now a good time?

7.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +82.6% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 90% — seller opportunity

Event Detection

≥10pts kink

IV kink 42.4pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 91.83 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: Earnings in 6d (elevated risk)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -9% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls4.2

bullishIV expensive, mixed flow

Long Puts4.9

bearishIV expensive, mixed flow

Premium Sellers

Cash-Secured Put5.1

bullishIV rich premium, mixed flow

Covered Call5.7

bearishIV rich premium, mixed flow

For educational purposes only. Not investment advice.

Earnings · week of Aug 31

Options price a ±13.8% move into AMBA's Sep 3 earnings

AMBA reports on Thursday, September 3 after the close. The at-the-money straddle covering that report prices a ±13.8% move — roughly $60.88 to $80.38 from $70.63. AMBA has averaged ±14.2% on its last 7 earnings reactions (biggest: 19%), so this print is priced at 1.0× its own history.

FAIRLY PRICEDimplied ±13.8%history ±14.2%Sep 4 expiry

See the implied move for every US stock reporting the week of Aug 31

Implied move = the live at-the-money straddle for the expiry covering the report (Sep 4); it shifts intraday. Historical move = the average of AMBA’s own 1-day earnings reactions over its last reported quarters — a reference, not a forecast.