AInvestOption Pilot Program
Options/HIBS
H

HIBSDirexion Daily S&P 500 High Beta Bear 3X ETF

Options Analysis Report
AUM $19M|ARCX
● 2026-08-31$19.56
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -74.8%YTD -59.0%7D -0.9%
380
30D
±31.6%
23%

HIBS Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
Loading score history...

HIBS Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

5.5
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 50.0% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

<1.1x

Front/Back 1.23x — backwardation

<1.25x

Put/Call IV 1.00x — normal

<80%

ATM IV 0.0% — normal range

<80%

Effective IV 140.4% (ATM 0.0% + spread 70.2% + bias) — expensive

<3.0%

Total drag 94.99% (spread 70.18% + slippage 24.81%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 70.18%) — spread drag

Sentiment

Bullish or bearish?

3.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -37%, Raw: -37%)
|net sentiment| ≥25%

Conviction-weighted: -37% (strong bearish) — Raw: -37%

≥15%

|OI skew| 65.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -36.8%, OI skew +65.9% — 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: -37%, ATM: +0%, OTM: +0% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 94% — very bearish vs sector

Activity

Unusual activity?

7.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 8.7x avg — hot

≥15%

Vol/OI 75.4% — high turnover

≥2 days

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

≥5%

OI change +2.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 98% — very active vs sector

≥30%

Large trade volume 100% — heavy institutional

≥60%

Aggressive execution 0% — patient

≥30

Conviction -37 (bearish) — moderate

Liquidity

Can I trade efficiently?

3.1
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 70.2% — wide

≥10,000

OI 504 — thin

≥500

Volume 380/day — thin

≤$0.50

$3.51 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

≥100 contracts

Depth 252.5 contracts (bid:132.0 ask:120.5) — adequate

<1.0%

Avg slippage 24.81% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope +23.0% — backwardation

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink 17.8pts — event priced

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥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 -37% @ 68% consistency — moderate (bearish)

≥40 composite score

Score 130 (ITM 20% + inst 100%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts5.9
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.2
bullishIV fair, bearish flow
Covered Call5.5
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 HIBS

HIBS gamma wallsHIBS max painHIBS IV rankHIBS options flow