Options/DOW

DOWDow Inc.

Options Analysis Report•PLASTIC MATERIALS, SYNTH RESINS & NONVULCAN ELASTOMERS

Market Cap $21.4B|NYSE

● 2026-09-11$29.64

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +18.5%YTD +22.1%7D +0.7%

Options Vol

15,449

30D

Implied Move

±12.1%

IV Rank

10%

DOW Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

Loading score history...

DOW Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

4.7

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 1.35x — IV premium over HV

Sector Relative≤50%

Sector percentile 70% — above sector median

Term Structure

<1.1x

Front/Back 0.99x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 43.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 64.7% (ATM 43.4% + spread 10.7% + bias) — good value

Execution Efficiency

<3.0%

Total drag 16.25% (spread 10.67% + slippage 5.58%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 3.13 (vega 3.340 / spread 10.67%) — spread drag

Sentiment

Bullish or bearish?

6.2

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Weak signal (Conviction: +11%, Raw: +3%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +11% (bullish) — Raw: +3%

OI Skew Magnitude

≥15%

|OI skew| 5.4% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +37.0%, OI skew -5.4% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 10%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +75%, ATM: -28%, OTM: +6% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 25% — very bullish vs sector

Activity

Unusual activity?

3.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.8x avg — normal

Turnover Rate

≥15%

Vol/OI 3.0% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +3.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 50% — neutral vs sector

Trade Quality

≥30%

Large trade volume 41% — institutional presence

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction +11 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 10.7% — wide

Adequate OI

≥10,000

OI 509,897 — deep

Active Volume

≥500

Volume 15,449/day — active

Reasonable Cost

≤$0.50

$0.53 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 70% — wider than sector

Order Book Depth

≥100 contracts

Depth 336.29999999999995 contracts (bid:171.1 ask:165.2) — adequate

Execution Quality

<1.0%

Avg slippage 5.58% — poor

Timing

Is now a good time?

6.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -0.7% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 79% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 120.58 — favors income trades

Expiration Distribution

≥3 expirations

5 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 +11% @ 55% consistency — unclear

Smart Money Timing

≥40 composite score

Score 71 (ITM 20% + inst 41%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.4

bullishIV fair, bullish flow

Long Puts4.5

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put5.5

bullishIV fair, bullish flow

Covered Call4.7

bearishIV fair, 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 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 DOW

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