AInvestOption Pilot Program
Options/DKL
D

DKLDELEK LOGISTICS PARTNERS, LP

Options Analysis Report•PIPE LINES (NO NATURAL GAS)
Market Cap $3.2B|NYSE
● 2026-08-31$54.79
BULLISH
Analysis: 2026-08-28 EOD data
1Y +27.0%YTD +16.6%7D +1.7%
8
30D
±7.6%
3%

DKL Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.1VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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DKL Gamma Walls

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Value

Is IV priced right?

7.7
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 41.7% — elevated vs history

<1.05x

IV/HV 0.47x — IV ≤ HV

Sector Relative≤50%

Sector percentile 20% — below sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 28.4% — normal range

<80%

Effective IV 112.5% (ATM 28.4% + spread 42.0% + bias) — expensive

<3.0%

Total drag 61.53% (spread 42.03% + slippage 19.50%) — high friction

≥5.0

Vega efficiency 3.55 (vega 14.933 / spread 42.03%) — spread drag

Sentiment

Bullish or bearish?

6.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +2%, Raw: +14%)
|net sentiment| ≥25%

Conviction-weighted: +2% (neutral) — Raw: +14%

≥15%

|OI skew| 30.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +25.0%, OI skew +30.1% — 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: +0%, ATM: -20%, OTM: +100% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 64% — bearish vs sector

Activity

Unusual activity?

2.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.0x avg — normal

≥15%

Vol/OI 0.1% — normal turnover

≥2 days

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

≥5%

OI change +12.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 5% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 43% — patient

≥30

Conviction +2 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.5
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 42.0% — wide

≥10,000

OI 6,227 — thin

≥500

Volume 8/day — thin

≤$0.50

$2.10 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 50% — neutral vs sector

≥100 contracts

Depth 57.099999999999994 contracts (bid:29.7 ask:27.4) — thin

<1.0%

Avg slippage 19.50% — poor

Timing

Is now a good time?

6.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -10.8% — contango

<30 or >70

IV percentile 42% — neutral

≥10pts kink

IV kink -2.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 1194.64 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +2% @ 50% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls7.3
bullishIV cheap, bullish flow
Long Puts5.4
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, bullish flow
Covered Call3.5
bearishIV too cheap, bullish 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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