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ESIElement Solutions Inc.

Options Analysis Report•MISCELLANEOUS CHEMICAL PRODUCTS
Market Cap $8.5B|NYSE
● 2026-08-31$34.93
BULLISH
Analysis: 2026-08-28 EOD data
1Y +37.3%YTD +34.7%7D -0.1%
4,896
30D
±13.1%
24%

ESI Options Overview

IV is elevated with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

6.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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ESI Gamma Walls

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Value

Is IV priced right?

5.7
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 71.2% — elevated vs history

<1.05x

IV/HV 1.28x — IV premium over HV

Sector Relative≤50%

Sector percentile 57% — above sector median

<1.1x

Front/Back 1.06x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 45.7% — normal range

<80%

Effective IV 88.9% (ATM 45.7% + spread 21.6% + bias) — expensive

<3.0%

Total drag 27.68% (spread 21.62% + slippage 6.06%) — high friction

≥5.0

Vega efficiency 4.37 (vega 9.456 / spread 21.62%) — spread drag

Sentiment

Bullish or bearish?

6.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +28%, Raw: +23%)
|net sentiment| ≥25%

Conviction-weighted: +28% (bullish) — Raw: +23%

≥15%

|OI skew| 42.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +15.9%, OI skew +42.5% — 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: +20%, ATM: -25%, OTM: +38% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 61% — bearish vs sector

Activity

Unusual activity?

8.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks7/8 checks passed
≥1.5x

Volume 3.2x avg — hot

≥15%

Vol/OI 27.9% — high turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +111.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 98% — very active vs sector

≥30%

Large trade volume 44% — institutional presence

≥60%

Aggressive execution 77% — urgent

≥30

Conviction +28 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.0
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 21.6% — wide

≥10,000

OI 17,580 — adequate

≥500

Volume 4,896/day — adequate

≤$0.50

$1.08 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 76% — wider than sector

≥100 contracts

Depth 88.9 contracts (bid:31.6 ask:57.3) — thin

<1.0%

Avg slippage 6.06% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope +5.5% — backwardation

<30 or >70

IV percentile 71% — seller opportunity

≥10pts kink

IV kink 1.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 711.01 — 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 +28% @ 64% consistency — moderate (bullish)

≥40 composite score

Score 74 (ITM 20% + inst 44%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, bullish flow
Covered Call4.2
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 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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