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C

CWII

Options Analysis Report
Market Cap: --
● 2026-06-10$12.89
BEARISH
Analysis: 2026-06-09 EOD data
1Y -43.4%YTD -5.6%7D +0.0%
2
30D
±8.6%
0%

CWII Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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CWII Gamma Walls

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Value

Is IV priced right?

4.7
ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed
≤35%

IV Rank 90.8% — elevated vs history

<1.05x

IV/HV 1.19x — IV premium over HV

Sector Relative≤50%

Sector percentile 95% — above sector median

<1.1x

Front/Back 3.20x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 89.2% — crisis-level IV

<80%

Effective IV 93.8% (ATM 89.2% + spread 2.3% + bias) — expensive

<3.0%

Total drag 2.28% (spread 2.28% + slippage 0.00%) — acceptable

≥5.0

Vega efficiency 3.53 (vega 0.804 / spread 2.28%) — spread drag

Sentiment

Bullish or bearish?

5.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBalanced - Weak signal (P/C: 1.00)
<0.65 or >1.55

P/C 1.00 — balanced (buy/sell unknown)

≥15%

|OI skew| 30.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -100.0%, OI skew +30.2% — 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: +0%, ATM: +0%, OTM: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 30% — bullish vs sector

Activity

Unusual activity?

3.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/9 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 4.7% — normal turnover

≥60%

Top 3 strikes = 50% — dispersed

≥2 days

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

≥5%

OI change +0.0% (5d) — stable

Sector Relative≥60%

Sector activity percentile 67% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction +0 (neutral) — mixed

Liquidity

Can I trade efficiently?

4.1
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 2.3% — acceptable

≥10,000

OI 43 — thin

≥500

Volume 2/day — thin

≤$0.50

$0.11 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 96% — much wider than sector

≥100 contracts

Depth 0 contracts (bid:0 ask:0) — thin

<1.0%

Avg slippage 0.00% — excellent

Timing

Is now a good time?

6.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +219.8% — backwardation

<30 or >70

IV percentile 91% — seller opportunity

≥10pts kink

IV kink 97.0pts — event priced

<0.5 or >2.0

θ/ν ratio 11.39 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

caution advised: No earnings detected; FOMC in 7d; CPI in 0d (HIGH)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +0% @ 50% 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 Puts5.0
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.2
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.

More on CWII

CWII gamma wallsCWII max painCWII IV rankCWII options flow