AInvestOption Pilot Program
Options/FTEC
F

FTECFidelity MSCI Information Technology Index ETF

Options Analysis Report
AUM $19.9B|ARCX
● 2026-08-31$286.60
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +39.7%YTD +27.1%7D +3.2%
1,727
30D
±6.7%
26%

FTEC Options Overview

unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
Loading score history...

FTEC Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

7.4
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 36.3% — elevated vs history

<1.05x

IV/HV 1.03x — IV ≤ HV

Sector Relative≤50%

Sector percentile 56% — above sector median

<1.1x

Front/Back 0.85x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 26.1% — normal range

<80%

Effective IV 70.4% (ATM 26.1% + spread 22.1% + bias) — fair

<3.0%

Total drag 31.53% (spread 22.13% + slippage 9.40%) — high friction

≥5.0

Vega efficiency 37.56 (vega 83.110 / spread 22.13%) — efficient

Sentiment

Bullish or bearish?

3.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -82%, Raw: -80%)
|net sentiment| ≥25%

Conviction-weighted: -82% (strong bearish) — Raw: -80%

≥15%

|OI skew| 44.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +99.7%, OI skew +44.4% — 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: +100%, ATM: -100%, OTM: -80% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 0% — very bullish vs sector

Activity

Unusual activity?

7.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks7/8 checks passed
≥1.5x

Volume 3.4x avg — hot

≥15%

Vol/OI 21.1% — high turnover

≥2 days

3 day(s) elevated — sustained

≥5%

OI change +170.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 92% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 85% — highly urgent

≥30

Conviction -82 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 22.1% — wide

≥10,000

OI 8,178 — thin

≥500

Volume 1,727/day — adequate

≤$0.50

$1.11 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 67% — wider than sector

≥100 contracts

Depth 213.0 contracts (bid:167.2 ask:45.8) — adequate

<1.0%

Avg slippage 9.40% — poor

Timing

Is now a good time?

6.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -14.9% — contango

<30 or >70

IV percentile 36% — neutral

≥10pts kink

IV kink -3.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 1165.64 — 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 -82% @ 91% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV cheap, bearish flow
Long Puts6.3
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.6
bullishIV too cheap, bearish flow
Covered Call4.6
bearishIV too cheap, bearish 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 FTEC

FTEC gamma wallsFTEC max painFTEC IV rankFTEC options flow