Options/EXE

EXEExpand Energy Corporation Common Stock

Options Analysis Report•CRUDE PETROLEUM & NATURAL GAS

Market Cap $22.4B|NASDAQ

● 2026-09-11$96.87

BULLISH

Analysis: 2026-09-10 EOD data

1Y +1.1%YTD -11.8%7D -1.1%

Options Vol

25,161

30D

Implied Move

±8.8%

IV Rank

15%

EXE Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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EXE Gamma Walls

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Value

Is IV priced right?

6.5

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 52.3% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.90x — IV premium over HV

Sector Relative≤50%

Sector percentile 33% — below sector median

Term Structure

<1.1x

Front/Back 0.97x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 33.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 50.0% (ATM 33.0% + spread 8.5% + bias) — good value

Execution Efficiency

<3.0%

Total drag 14.40% (spread 8.51% + slippage 5.89%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 10.53 (vega 8.963 / spread 8.51%) — efficient

Sentiment

Bullish or bearish?

6.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +40%, Raw: +44%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +40% (strong bullish) — Raw: +44%

OI Skew Magnitude

≥15%

|OI skew| 4.4% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +21.1%, OI skew -4.4% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 1%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +12%, ATM: -99%, OTM: +93% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 64% — bearish vs sector

Activity

Unusual activity?

6.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 3.4x avg — hot

Turnover Rate

≥15%

Vol/OI 11.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +1.5% (5d) — stable

Sector Relative≥60%

Sector activity percentile 95% — very active vs sector

Trade Quality

≥30%

Large trade volume 91% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 51% — patient

Flow Conviction

≥30

Conviction +40 (bullish) — moderate

Liquidity

Can I trade efficiently?

5.1

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks5/8 checks passed

Tradeable Spread

≤5.0%

Spread 8.5% — wide

Adequate OI

≥10,000

OI 217,359 — deep

Active Volume

≥500

Volume 25,161/day — active

Reasonable Cost

≤$0.50

$0.43 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 36% — tighter than sector

Order Book Depth

≥100 contracts

Depth 118.9 contracts (bid:60.6 ask:58.3) — adequate

Execution Quality

<1.0%

Avg slippage 5.89% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -3.1% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 52% — neutral

Event Detection

≥10pts kink

IV kink -0.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 118.08 — 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 +40% @ 70% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

Score 121 (ITM 20% + inst 91%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.9

bullishIV cheap, bullish flow

Long Puts5.1

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.4

bullishIV too cheap, bullish flow

Covered Call4.1

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 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 EXE

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