Options/FTK

FTKFlotek Industries, Inc.

Options Analysis Report•MISCELLANEOUS CHEMICAL PRODUCTS

Market Cap $867M|NYSE

● 2026-08-31$23.93

BULLISH

Analysis: 2026-08-28 EOD data

1Y +98.9%YTD +40.4%7D +0.0%

Options Vol

30D

Implied Move

±24.7%

IV Rank

10%

FTK Options Overview

IV is elevated. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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FTK Gamma Walls

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Value

Is IV priced right?

5.0

ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 92.5% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.55x — IV ≤ HV

Sector Relative≤50%

Sector percentile 95% — above sector median

Term Structure

<1.1x

Front/Back 1.11x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 79.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 350.6% (ATM 79.2% + spread 135.7% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 141.42% (spread 135.71% + slippage 5.71%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.17 (vega 2.292 / spread 135.71%) — spread drag

Sentiment

Bullish or bearish?

7.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +100%, Raw: +100%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +100% (strong bullish) — Raw: +100%

OI Skew Magnitude

≥15%

|OI skew| 49.2% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -92.2%, OI skew +49.2% — divergent (opposite)

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: +0%, ATM: +0%, OTM: +100% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 99% — very bearish vs sector

Activity

Unusual activity?

3.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.2x avg — normal

Turnover Rate

≥15%

Vol/OI 1.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +4.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 57% — neutral vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 0% — patient

Flow Conviction

≥30

Conviction +100 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

2.4

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 135.7% — wide

Adequate OI

≥10,000

OI 3,163 — thin

Active Volume

≥500

Volume 51/day — thin

Reasonable Cost

≤$0.50

$6.79 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 97% — much wider than sector

Order Book Depth

≥100 contracts

Depth 488.0 contracts (bid:408.5 ask:79.5) — adequate

Execution Quality

<1.0%

Avg slippage 5.71% — poor

Timing

Is now a good time?

8.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +10.6% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 92% — seller opportunity

Event Detection

≥10pts kink

IV kink 10.1pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 37.38 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +100% @ 50% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls7.1

bullishIV fair, bullish flow

Long Puts4.1

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put6.0

bullishIV fair, bullish flow

Covered Call3.9

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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