Options/DASH

DASHDoorDash, Inc. Class A Common Stock

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC

Market Cap $100.5B|NASDAQ

● 2026-08-28$231.89

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y -6.2%YTD +5.5%7D +3.8%

Options Vol

4,890

30D

Implied Move

±10.3%

IV Rank

DASH Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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DASH Gamma Walls

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DASH Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where DASH sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.77) — near-dated vol is priced 13% below far-dated, and implied vol sits in the 8th percentile of its own past year, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads resilient (1): it is trading 18% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is contracting.

Protection cost

2.77/ 10cheap

Basis: cross_sectional

Fragility

1.00/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

5.2

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 78.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.58x — IV premium over HV

Sector Relative≤50%

Sector percentile 80% — above sector median

Term Structure

<1.1x

Front/Back 0.87x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 40.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 58.6% (ATM 40.7% + spread 9.0% + bias) — good value

Execution Efficiency

<3.0%

Total drag 20.41% (spread 8.97% + slippage 11.44%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 14.29 (vega 12.818 / spread 8.97%) — efficient

Sentiment

Bullish or bearish?

4.2

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -7%, Raw: +5%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -7% (neutral) — Raw: +5%

OI Skew Magnitude

≥15%

|OI skew| 27.5% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -19.5%, OI skew +27.5% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 22%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -43%, ATM: -2%, OTM: +17% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 76% — very bearish vs sector

Activity

Unusual activity?

2.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.4x avg — normal

Turnover Rate

≥15%

Vol/OI 2.4% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -4.7% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 56% — neutral vs sector

Trade Quality

≥30%

Large trade volume 4% — mostly retail

Execution Urgency

≥60%

Aggressive execution 19% — patient

Flow Conviction

≥30

Conviction -7 (bearish) — 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 9.0% — wide

Adequate OI

≥10,000

OI 207,090 — deep

Active Volume

≥500

Volume 4,890/day — adequate

Reasonable Cost

≤$0.50

$0.45 to cross — cheap

Strike Coverage

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 82% — much wider than sector

Order Book Depth

≥100 contracts

Depth 122.6 contracts (bid:40.6 ask:82.0) — adequate

Execution Quality

<1.0%

Avg slippage 11.44% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -13.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 78% — seller opportunity

Event Detection

≥10pts kink

IV kink -2.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 44.61 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -7% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 34 (ITM 20% + inst 4%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls5.0

bullishIV fair, mixed flow

Long Puts5.6

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put4.9

bullishIV fair, mixed flow

Covered Call5.4

bearishIV fair, mixed flow

For educational purposes only. Not investment advice.