AInvestOption Pilot Program
Options/GGLS
G

GGLSDirexion Shares ETF Trust Direxion Daily GOOGL Bear 1X ETF

Options Analysis Report
AUM $11M|NASDAQ
● 2026-08-31$58.18
BEARISH
Analysis: 2026-08-28 EOD data
1Y -43.8%YTD -13.6%7D +0.5%
1
30D
±7.5%
2%

GGLS Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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GGLS Gamma Walls

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Value

Is IV priced right?

6.0
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 46.3% — elevated vs history

<1.05x

IV/HV 1.02x — IV ≤ HV

Sector Relative≤50%

Sector percentile 67% — above sector median

<1.1x

Front/Back 0.79x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 30.4% — normal range

<80%

Effective IV 180.4% (ATM 30.4% + spread 75.0% + bias) — expensive

<3.0%

Total drag 89.58% (spread 75.00% + slippage 14.58%) — high friction

≥5.0

Vega efficiency 0.73 (vega 5.497 / spread 75.00%) — spread drag

Sentiment

Bullish or bearish?

2.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -100%, Raw: -100%)
|net sentiment| ≥25%

Conviction-weighted: -100% (strong bearish) — Raw: -100%

≥15%

|OI skew| 45.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -100.0%, OI skew +45.1% — divergent (opposite)

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

Sector Relative≤40% or ≥60%

Sector P/C percentile 27% — very bullish vs sector

Activity

Unusual activity?

3.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 2.0% — normal turnover

≥2 days

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

≥5%

OI change +4.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 46% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -100 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

1.8
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 75.0% — wide

≥10,000

OI 51 — thin

≥500

Volume 1/day — thin

≤$0.50

$3.75 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 75% — wider than sector

≥100 contracts

Depth 108.0 contracts (bid:36.0 ask:72.0) — adequate

<1.0%

Avg slippage 14.58% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -20.6% — contango

<30 or >70

IV percentile 46% — neutral

≥10pts kink

IV kink -4.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 148.98 — 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 -100% @ 100% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.1
bullishIV fair, bearish flow
Long Puts7.3
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.3
bullishIV fair, bearish flow
Covered Call5.4
bearishIV fair, 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 GGLS

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