AInvestOption Pilot Program
Options/BIRK
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BIRKBirkenstock Holding plc

Options Analysis Report
Market Cap $5.8B|NYSE
● 2026-08-28$35.31
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y -32.7%YTD -15.5%7D -0.9%
847
30D
±13.6%
13%

BIRK Options Overview

IV is elevated. No clear edge detected.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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BIRK Gamma Walls

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Value

Is IV priced right?

6.4
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 71.7% — elevated vs history

<1.05x

IV/HV 0.78x — IV ≤ HV

Sector Relative≤50%

Sector percentile 75% — above sector median

<1.1x

Front/Back 0.97x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 48.2% — normal range

<80%

Effective IV 83.2% (ATM 48.2% + spread 17.5% + bias) — expensive

<3.0%

Total drag 26.00% (spread 17.49% + slippage 8.51%) — high friction

≥5.0

Vega efficiency 6.20 (vega 10.839 / spread 17.49%) — acceptable

Sentiment

Bullish or bearish?

6.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +17%, Raw: +12%)
|net sentiment| ≥25%

Conviction-weighted: +17% (bullish) — Raw: +12%

≥15%

|OI skew| 38.9% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew +32.9%, OI skew -38.9% — divergent (opposite)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +49%, ATM: +12%, OTM: -1% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 33% — bullish vs sector

Activity

Unusual activity?

1.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 1.1% — normal turnover

≥2 days

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

≥5%

OI change -14.7% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 29% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 34% — patient

≥30

Conviction +17 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.0
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 17.5% — wide

≥10,000

OI 79,329 — deep

≥500

Volume 847/day — adequate

≤$0.50

$0.87 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 86% — much wider than sector

≥100 contracts

Depth 154.4 contracts (bid:87.4 ask:67.0) — adequate

<1.0%

Avg slippage 8.51% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -2.9% — flat/unclear

<30 or >70

IV percentile 72% — seller opportunity

≥10pts kink

IV kink 1.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 910.83 — 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 Calls5.9
bullishIV cheap, bullish flow
Long Puts5.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.