AInvestOption Pilot Program
Options/EUO
E

EUOProShares UltraShort Euro

Options Analysis Report•COMMODITY CONTRACTS BROKERS & DEALERS
AUM $33M|ARCX
● 2026-08-31$30.05
VERY BULLISH
Analysis: 2026-08-28 EOD data
1Y +5.8%YTD +5.4%7D +1.5%
6
30D
±3.9%
5%

EUO Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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EUO Gamma Walls

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Value

Is IV priced right?

6.8
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 3.8% — cheap vs history

<1.05x

IV/HV 1.37x — IV premium over HV

Sector Relative≤50%

Sector percentile 6% — below sector median

<1.1x

Front/Back 1.16x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 11.9% — normal range

<80%

Effective IV 254.0% (ATM 11.9% + spread 121.0% + bias) — expensive

<3.0%

Total drag 142.31% (spread 121.05% + slippage 21.26%) — high friction

≥5.0

Vega efficiency 0.24 (vega 2.853 / spread 121.05%) — spread drag

Sentiment

Bullish or bearish?

7.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +30%, Raw: +33%)
|net sentiment| ≥25%

Conviction-weighted: +30% (bullish) — Raw: +33%

≥15%

|OI skew| 70.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +70.4% — 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: +33%, OTM: +0% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.7% — normal turnover

≥2 days

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

≥5%

OI change +0.5% (5d) — stable

Sector Relative≥60%

Sector activity percentile 23% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction +30 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 121.0% — wide

≥10,000

OI 872 — thin

≥500

Volume 6/day — thin

≤$0.50

$6.05 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 29% — tighter than sector

≥100 contracts

Depth 27.0 contracts (bid:17.0 ask:10.0) — thin

<1.0%

Avg slippage 21.26% — poor

Timing

Is now a good time?

7.4
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope +16.1% — backwardation

<30 or >70

IV percentile 4% — buyer opportunity

≥10pts kink

IV kink 2.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 261.72 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +30% @ 67% consistency — moderate (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.5
bullishIV cheap, bullish flow
Long Puts4.7
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.2
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.

More on EUO

EUO gamma wallsEUO max painEUO IV rankEUO options flow