AInvestOption Pilot Program
Options/IEMG
I

IEMGiShares Core MSCI Emerging Markets ETF

Options Analysis Report
AUM $160.9B|ARCX
● 2026-08-31$81.82
BULLISH
Analysis: 2026-08-28 EOD data
1Y +32.0%YTD +18.6%7D +1.7%
260
30D
±5.8%
24%

IEMG Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

6.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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IEMG Gamma Walls

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Value

Is IV priced right?

6.6
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 32.5% — cheap vs history

<1.05x

IV/HV 1.27x — IV premium over HV

Sector Relative≤50%

Sector percentile 52% — above sector median

<1.1x

Front/Back 0.82x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 24.2% — normal range

<80%

Effective IV 115.1% (ATM 24.2% + spread 45.5% + bias) — expensive

<3.0%

Total drag 65.83% (spread 45.45% + slippage 20.38%) — high friction

≥5.0

Vega efficiency 5.19 (vega 23.610 / spread 45.45%) — acceptable

Sentiment

Bullish or bearish?

7.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +37%, Raw: +41%)
|net sentiment| ≥25%

Conviction-weighted: +37% (strong bullish) — Raw: +41%

≥15%

|OI skew| 39.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +66.9%, OI skew +39.4% — 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: +33%, OTM: +42% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 10% — very bullish vs sector

Activity

Unusual activity?

6.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 3.1x avg — hot

≥15%

Vol/OI 7.4% — normal turnover

≥2 days

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

≥5%

OI change +7.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 78% — active vs sector

≥30%

Large trade volume 53% — heavy institutional

≥60%

Aggressive execution 40% — patient

≥30

Conviction +37 (bullish) — moderate

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 45.5% — wide

≥10,000

OI 3,524 — thin

≥500

Volume 260/day — thin

≤$0.50

$2.27 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 63% — wider than sector

≥100 contracts

Depth 142.10000000000002 contracts (bid:69.4 ask:72.7) — adequate

<1.0%

Avg slippage 20.38% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -17.9% — contango

<30 or >70

IV percentile 32% — neutral

≥10pts kink

IV kink -3.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 1513.46 — 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 +37% @ 68% consistency — moderate (bullish)

≥40 composite score

Score 83 (ITM 20% + inst 53%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls7.5
bullishIV cheap, bullish flow
Long Puts4.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV too cheap, bullish flow
Covered Call3.4
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.

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