Options/ENTG

ENTGEntegris Inc

Options Analysis Report•PLASTICS PRODUCTS, NEC

Market Cap $21.0B|NASDAQ

● 2026-09-11$137.40

BULLISH

Analysis: 2026-09-10 EOD data

1Y +64.5%YTD +53.4%7D -1.0%

Options Vol

340

30D

Implied Move

±8.6%

IV Rank

41%

ENTG Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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ENTG Gamma Walls

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ENTG Hedge Radar

No action needed

Full Hedge Radar

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

Protection is priced in the cheap band (3.9) — the move being priced is 1.80x this name's own median 26-trading-day move, and downside puts carry 0.2 IV points LESS than at-the-money, measured against this name's own rolling 26-trading-day realized moves (478 overlapping windows). Fragility reads resilient (3.92): it is trading 4% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

3.90/ 10cheap

Basis: cross_sectional

Fragility

3.92/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

4.9

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 84.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.18x — IV premium over HV

Sector Relative≤50%

Sector percentile 67% — above sector median

Term Structure

<1.1x

Front/Back 0.95x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 66.1% — normal range

Spread-Adjusted Value

<80%

Effective IV 88.6% (ATM 66.1% + spread 11.3% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 15.94% (spread 11.27% + slippage 4.67%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 50.88 (vega 57.345 / spread 11.27%) — efficient

Sentiment

Bullish or bearish?

7.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +33%, Raw: +9%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +33% (strong bullish) — Raw: +9%

OI Skew Magnitude

≥15%

|OI skew| 29.2% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +45.9%, OI skew +29.2% — 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: -24%, ATM: +47%, OTM: +10% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 33% — bullish vs sector

Activity

Unusual activity?

2.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 0.1x avg — normal

Turnover Rate

≥15%

Vol/OI 0.9% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +10.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 34% — below sector avg

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 19% — patient

Flow Conviction

≥30

Conviction +33 (bullish) — moderate

Liquidity

Can I trade efficiently?

3.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.3% — wide

Adequate OI

≥10,000

OI 38,897 — adequate

Active Volume

≥500

Volume 340/day — thin

Reasonable Cost

≤$0.50

$0.56 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 80% — much wider than sector

Order Book Depth

≥100 contracts

Depth 48.7 contracts (bid:24.1 ask:24.6) — thin

Execution Quality

<1.0%

Avg slippage 4.67% — poor

Timing

Is now a good time?

6.8

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -5.4% — contango

IV Percentile Clarity

<30 or >70

IV percentile 85% — seller opportunity

Event Detection

≥10pts kink

IV kink -3.6pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1288.64 — favors income trades

Expiration Distribution

≥3 expirations

4 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 +33% @ 66% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls5.9

bullishIV fair, bullish flow

Long Puts4.0

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put5.9

bullishIV fair, bullish flow

Covered Call4.0

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 ENTG

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