AInvestOption Pilot Program
Options/GRID
G

GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

Options Analysis Report
AUM $11.9B|NASDAQ
● 2026-08-31$179.19
BULLISH
Analysis: 2026-08-28 EOD data
1Y +27.6%YTD +15.0%7D +0.6%
68
30D
±5.9%
17%

GRID Options Overview

IV is low with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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GRID Gamma Walls

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Value

Is IV priced right?

7.3
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 29.4% — cheap vs history

<1.05x

IV/HV 1.20x — IV premium over HV

Sector Relative≤50%

Sector percentile 48% — below sector median

<1.1x

Front/Back 0.82x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 23.0% — normal range

<80%

Effective IV 85.1% (ATM 23.0% + spread 31.1% + bias) — expensive

<3.0%

Total drag 40.04% (spread 31.06% + slippage 8.98%) — high friction

≥5.0

Vega efficiency 8.14 (vega 25.291 / spread 31.06%) — efficient

Sentiment

Bullish or bearish?

6.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -8%, Raw: -14%)
|net sentiment| ≥25%

Conviction-weighted: -8% (neutral) — Raw: -14%

≥15%

|OI skew| 63.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +94.1%, OI skew +63.5% — 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: -33%, OTM: -20% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 2% — very bullish vs sector

Activity

Unusual activity?

4.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.4x avg — normal

≥15%

Vol/OI 3.7% — normal turnover

≥2 days

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

≥5%

OI change +5.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 62% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 17% — patient

≥30

Conviction -8 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.4
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 31.1% — wide

≥10,000

OI 1,836 — thin

≥500

Volume 68/day — thin

≤$0.50

$1.55 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 60% — wider than sector

≥100 contracts

Depth 59.0 contracts (bid:21.2 ask:37.8) — thin

<1.0%

Avg slippage 8.98% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -17.7% — contango

<30 or >70

IV percentile 29% — buyer opportunity

≥10pts kink

IV kink -3.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 373.58 — 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 -8% @ 54% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts5.3
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, bullish flow
Covered Call3.6
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 GRID

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