Options/GTLB

GTLBGitLab Inc. Class A Common Stock

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE

Market Cap $7.6B|NASDAQ

● 2026-08-28$44.87

BULLISH

Analysis: 2026-08-27 EOD data

1Y -6.6%YTD +24.0%7D +7.7%

Options Vol

7,561

30D

Implied Move

±28.1%

IV Rank

41%

GTLB Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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GTLB Gamma Walls

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Value

Is IV priced right?

1.5

ExpensiveCheap

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

levels.

Risk Checks1/9 checks passed

IV Rank

≤35%

IV Rank 93.9% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.60x — IV premium over HV

Sector Relative≤50%

Sector percentile 92% — above sector median

Term Structure

<1.1x

Front/Back 1.89x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 91.9% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 115.1% (ATM 91.9% + spread 11.6% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 17.45% (spread 11.60% + slippage 5.85%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.54 (vega 0.625 / spread 11.60%) — spread drag

Sentiment

Bullish or bearish?

6.5

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +0%, Raw: +10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +0% (neutral) — Raw: +10%

OI Skew Magnitude

≥15%

|OI skew| 32.8% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +39.2%, OI skew +32.8% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 10%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +9%, ATM: -2%, OTM: +14% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 47% — neutral vs sector

Activity

Unusual activity?

3.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 1.4x avg — normal

Turnover Rate

≥15%

Vol/OI 3.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -9.8% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 55% — neutral vs sector

Trade Quality

≥30%

Large trade volume 7% — mostly retail

Execution Urgency

≥60%

Aggressive execution 30% — patient

Flow Conviction

≥30

Conviction +0 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.9

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.6% — wide

Adequate OI

≥10,000

OI 204,848 — deep

Active Volume

≥500

Volume 7,561/day — active

Reasonable Cost

≤$0.50

$0.58 to cross — expensive

Strike Coverage

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 95% — much wider than sector

Order Book Depth

≥100 contracts

Depth 145.7 contracts (bid:85.7 ask:60.0) — adequate

Execution Quality

<1.0%

Avg slippage 5.85% — poor

Timing

Is now a good time?

8.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +89.5% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 94% — seller opportunity

Event Detection

≥10pts kink

IV kink 52.7pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 12.37 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +0% @ 50% consistency — unclear

Smart Money Timing

≥40 composite score

Score 37 (ITM 20% + inst 7%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls4.6

bullishIV expensive, bullish flow

Long Puts3.6

bearishIV expensive, bullish flow

Premium Sellers

Cash-Secured Put7.2

bullishIV rich premium, bullish flow

Covered Call5.8

bearishIV rich premium, bullish flow

For educational purposes only. Not investment advice.

Earnings · week of Aug 31

Options price a ±14.8% move into GTLB's Sep 1 earnings

GTLB reports on Tuesday, September 1 after the close. The at-the-money straddle covering that report prices a ±14.8% move — roughly $38.23 to $51.51 from $44.87. GTLB has averaged ±10.3% on its last 7 earnings reactions (biggest: 22%), so this print is priced at 1.4× its own history.

1.4× RICHimplied ±14.8%history ±10.3%Sep 4 expiry

See the implied move for every US stock reporting the week of Aug 31

Implied move = the live at-the-money straddle for the expiry covering the report (Sep 4); it shifts intraday. Historical move = the average of GTLB’s own 1-day earnings reactions over its last reported quarters — a reference, not a forecast.