Options/CAVA

CAVACAVA Group, Inc.

Options Analysis Report•RETAIL-EATING PLACES

Market Cap $6.3B|NYSE

● 2026-09-11$54.00

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y -16.0%YTD -10.8%7D -11.1%

Options Vol

15,008

30D

Implied Move

±15.1%

IV Rank

19%

CAVA 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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CAVA Gamma Walls

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Value

Is IV priced right?

5.2

ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 78.6% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.08x — IV premium over HV

Sector Relative≤50%

Sector percentile 83% — above sector median

Term Structure

<1.1x

Front/Back 0.95x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 56.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 76.6% (ATM 56.6% + spread 10.0% + bias) — fair

Execution Efficiency

<3.0%

Total drag 14.99% (spread 10.00% + slippage 4.99%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 1.13 (vega 1.127 / spread 10.00%) — spread drag

Sentiment

Bullish or bearish?

5.4

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +3%, Raw: -10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +3% (neutral) — Raw: -10%

OI Skew Magnitude

≥15%

|OI skew| 17.7% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +1.1%, OI skew +17.7% — weak (same direction)

Conviction Quality

≥2/3 conditions

0-DTE 18%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +46%, ATM: +10%, OTM: -34% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 44% — bullish vs sector

Activity

Unusual activity?

5.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 1.6x avg — elevated

Turnover Rate

≥15%

Vol/OI 10.2% — normal turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +1.6% (5d) — stable

Sector Relative≥60%

Sector activity percentile 85% — very active vs sector

Trade Quality

≥30%

Large trade volume 32% — institutional presence

Execution Urgency

≥60%

Aggressive execution 31% — patient

Flow Conviction

≥30

Conviction +3 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.0% — wide

Adequate OI

≥10,000

OI 147,397 — deep

Active Volume

≥500

Volume 15,008/day — active

Reasonable Cost

≤$0.50

$0.50 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 90% — much wider than sector

Order Book Depth

≥100 contracts

Depth 275.2 contracts (bid:138.0 ask:137.2) — adequate

Execution Quality

<1.0%

Avg slippage 4.99% — poor

Timing

Is now a good time?

6.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -4.7% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 79% — seller opportunity

Event Detection

≥10pts kink

IV kink 0.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 2.43 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +3% @ 52% consistency — unclear

Smart Money Timing

≥40 composite score

Score 62 (ITM 20% + inst 32%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.3

bullishIV fair, mixed flow

Long Puts5.1

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put5.2

bullishIV fair, mixed flow

Covered Call4.9

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 Sep 7, 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.

More on CAVA

CAVA gamma walls CAVA option chain CAVA max pain CAVA expected move CAVA IV rank CAVA put/call ratio CAVA options flow