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Options Analysis Report
AUM $257M|ARCX
● 2026-08-31$39.29
BULLISH
Analysis: 2026-08-28 EOD data
1Y +75.8%YTD +49.8%7D -1.0%
59
30D
±11.5%
14%

IDNA Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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IDNA Gamma Walls

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Value

Is IV priced right?

5.1
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 54.9% — elevated vs history

<1.05x

IV/HV 0.66x — IV ≤ HV

Sector Relative≤50%

Sector percentile 74% — above sector median

<1.1x

Front/Back 1.18x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 34.8% — normal range

<80%

Effective IV 116.1% (ATM 34.8% + spread 40.6% + bias) — expensive

<3.0%

Total drag 45.27% (spread 40.65% + slippage 4.62%) — high friction

≥5.0

Vega efficiency 2.79 (vega 11.362 / spread 40.65%) — spread drag

Sentiment

Bullish or bearish?

5.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -28%, Raw: -23%)
|net sentiment| ≥25%

Conviction-weighted: -28% (bearish) — Raw: -23%

≥15%

|OI skew| 88.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +88.0% — 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: -21%, OTM: +0% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

4.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 1.0x avg — normal

≥15%

Vol/OI 14.8% — normal turnover

≥2 days

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

≥5%

OI change -14.9% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 89% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 29% — patient

≥30

Conviction -28 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.3
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 40.6% — wide

≥10,000

OI 400 — thin

≥500

Volume 59/day — thin

≤$0.50

$2.03 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 80% — much wider than sector

≥100 contracts

Depth 69.9 contracts (bid:27.6 ask:42.3) — thin

<1.0%

Avg slippage 4.62% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +17.5% — backwardation

<30 or >70

IV percentile 55% — neutral

≥10pts kink

IV kink 7.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 987.97 — 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 -28% @ 64% consistency — moderate (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.1
bullishIV fair, mixed flow
Long Puts4.7
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.9
bullishIV fair, mixed flow
Covered Call4.5
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.

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