AInvestOption Pilot Program
Options/HIBL
H

HIBLDirexion Daily S&P 500 High Beta Bull 3X ETF

Options Analysis Report
AUM $84M|ARCX
● 2026-08-31$102.73
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +104.5%YTD +48.4%7D +0.2%
12
30D
±24.1%
25%

HIBL Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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HIBL Gamma Walls

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Value

Is IV priced right?

4.3
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 93.8% — elevated vs history

<1.05x

IV/HV 0.98x — IV ≤ HV

Sector Relative≤50%

Sector percentile 96% — above sector median

<1.1x

Front/Back 1.00x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 84.6% — crisis-level IV

<80%

Effective IV 162.6% (ATM 84.6% + spread 39.0% + bias) — expensive

<3.0%

Total drag 53.44% (spread 38.98% + slippage 14.46%) — high friction

≥5.0

Vega efficiency 6.82 (vega 26.604 / spread 38.98%) — acceptable

Sentiment

Bullish or bearish?

4.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -66%, Raw: -64%)
|net sentiment| ≥25%

Conviction-weighted: -66% (strong bearish) — Raw: -64%

≥15%

|OI skew| 30.8% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +50.0%, OI skew +30.8% — 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: +0%, ATM: +0%, OTM: -64% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 14% — very bullish vs sector

Activity

Unusual activity?

4.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 5.6% — normal turnover

≥2 days

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

≥5%

OI change +27.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 72% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 60% — urgent

≥30

Conviction -66 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.1
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 39.0% — wide

≥10,000

OI 214 — thin

≥500

Volume 12/day — thin

≤$0.50

$1.95 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 97% — much wider than sector

≥100 contracts

Depth 66.80000000000001 contracts (bid:20.6 ask:46.2) — thin

<1.0%

Avg slippage 14.46% — 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 -0.5% — flat/unclear

<30 or >70

IV percentile 94% — seller opportunity

≥10pts kink

IV kink -1.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 404.93 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -66% @ 86% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.3
bullishIV fair, mixed flow
Long Puts4.9
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV fair, mixed flow
Covered Call5.2
bearishIV fair, mixed 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 HIBL

HIBL gamma wallsHIBL max painHIBL IV rankHIBL options flow