Options/EMA

EMAEmera Incorporated

Options Analysis Report

Market Cap $15.4B|NYSE

● 2026-08-31$50.09

VERY BULLISH

Analysis: 2026-08-28 EOD data

1Y +6.0%YTD +1.7%7D -0.8%

Options Vol

387

30D

Implied Move

±4.2%

IV Rank

EMA Options Overview

IV is low with bullish flow and unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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EMA Gamma Walls

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Value

Is IV priced right?

8.1

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 24.1% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.18x — IV premium over HV

Sector Relative≤50%

Sector percentile 33% — below sector median

Term Structure

<1.1x

Front/Back 0.65x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 20.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 52.9% (ATM 20.9% + spread 16.0% + bias) — good value

Execution Efficiency

<3.0%

Total drag 24.05% (spread 16.00% + slippage 8.05%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 4.55 (vega 7.272 / spread 16.00%) — spread drag

Sentiment

Bullish or bearish?

6.5

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +0%, Raw: +0%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +0% (neutral) — Raw: +0%

OI Skew Magnitude

≥15%

|OI skew| 36.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +36.3% — aligned

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +0%, ATM: +0%, OTM: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

6.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks6/8 checks passed

Volume Surge

≥1.5x

Volume 2.0x avg — elevated

Turnover Rate

≥15%

Vol/OI 7.7% — normal turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +26.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 88% — very active vs sector

Trade Quality

≥30%

Large trade volume 100% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 100% — highly urgent

Flow Conviction

≥30

Conviction +0 (neutral) — mixed

Liquidity

Can I trade efficiently?

2.4

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks0/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.0% — wide

Adequate OI

≥10,000

OI 5,053 — thin

Active Volume

≥500

Volume 387/day — thin

Reasonable Cost

≤$0.50

$0.80 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 59% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 12.0 contracts (bid:5.0 ask:7.0) — thin

Execution Quality

<1.0%

Avg slippage 8.05% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -35.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 24% — buyer opportunity

Event Detection

≥10pts kink

IV kink -8.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 494.71 — favors income trades

Expiration Distribution

≥3 expirations

3 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 +0% @ 50% consistency — unclear

Smart Money Timing

≥40 composite score

Score 130 (ITM 20% + inst 100%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls7.5

bullishIV cheap, bullish flow

Long Puts5.5

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.4

bullishIV too cheap, bullish flow

Covered Call3.3

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.

More on EMA

EMA gamma walls EMA max pain EMA IV rank EMA options flow