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AWKAmerican Water Works Company, Inc

Options Analysis Report•WATER SUPPLY
Market Cap $27.5B|NYSE
● 2026-08-31$138.30
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -2.2%YTD +6.1%7D -1.2%
386
30D
±5.6%
13%

AWK Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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AWK Gamma Walls

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Value

Is IV priced right?

8.4
ExpensiveCheap

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

levels.

Risk Checks8/9 checks passed
≤35%

IV Rank 6.5% — cheap vs history

<1.05x

IV/HV 0.95x — IV ≤ HV

Sector Relative≤50%

Sector percentile 41% — below sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 20.8% — normal range

<80%

Effective IV 48.3% (ATM 20.8% + spread 13.8% + bias) — excellent value

<3.0%

Total drag 19.85% (spread 13.77% + slippage 6.08%) — high friction

≥5.0

Vega efficiency 14.56 (vega 20.046 / spread 13.77%) — efficient

Sentiment

Bullish or bearish?

4.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -69%, Raw: -59%)
|net sentiment| ≥25%

Conviction-weighted: -69% (strong bearish) — Raw: -59%

≥15%

|OI skew| 21.8% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +73.6%, OI skew +21.8% — 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: +43%, ATM: +31%, OTM: -69% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 26% — very bullish vs sector

Activity

Unusual activity?

4.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 2.5% — normal turnover

≥2 days

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

≥5%

OI change +14.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 44% — neutral vs sector

≥30%

Large trade volume 48% — institutional presence

≥60%

Aggressive execution 40% — patient

≥30

Conviction -69 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.2
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 13.8% — wide

≥10,000

OI 15,576 — adequate

≥500

Volume 386/day — thin

≤$0.50

$0.69 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 47% — neutral vs sector

≥100 contracts

Depth 48.3 contracts (bid:24.3 ask:24.0) — thin

<1.0%

Avg slippage 6.08% — poor

Timing

Is now a good time?

7.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope -11.4% — contango

<30 or >70

IV percentile 6% — buyer opportunity

≥10pts kink

IV kink -2.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 445.46 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -69% @ 84% consistency — STRONG directional (bearish)

≥40 composite score

Score 78 (ITM 20% + inst 48%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts6.7
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.7
bullishIV too cheap, mixed flow
Covered Call4.3
bearishIV too cheap, 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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