AInvestOption Pilot Program
Options/IJR
I

IJRiShares Core S&P Small-Cap ETF

Options Analysis Report
AUM $110.0B|ARCX
● 2026-08-31$145.58
BEARISH
Analysis: 2026-08-28 EOD data
1Y +24.3%YTD +19.9%7D -0.8%
85
30D
±4.6%
2%

IJR Options Overview

IV is low with bearish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

4.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
Loading score history...

IJR Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

7.8
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 13.6% — cheap vs history

<1.05x

IV/HV 1.26x — IV premium over HV

Sector Relative≤50%

Sector percentile 25% — below sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 16.7% — normal range

<80%

Effective IV 102.7% (ATM 16.7% + spread 43.0% + bias) — expensive

<3.0%

Total drag 46.98% (spread 43.00% + slippage 3.98%) — high friction

≥5.0

Vega efficiency 4.53 (vega 19.487 / spread 43.00%) — spread drag

Sentiment

Bullish or bearish?

4.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -2%, Raw: +0%)
|net sentiment| ≥25%

Conviction-weighted: -2% (neutral) — Raw: +0%

≥15%

|OI skew| 38.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -88.2%, OI skew +38.4% — 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: -100%, ATM: +75%, OTM: -6% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 99% — very bearish vs sector

Activity

Unusual activity?

1.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.8% — normal turnover

≥2 days

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

≥5%

OI change +2.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 27% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 11% — patient

≥30

Conviction -2 (bearish) — mixed

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 43.0% — wide

≥10,000

OI 10,289 — adequate

≥500

Volume 85/day — thin

≤$0.50

$2.15 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 43% — neutral vs sector

≥100 contracts

Depth 317.79999999999995 contracts (bid:155.2 ask:162.6) — adequate

<1.0%

Avg slippage 3.98% — poor

Timing

Is now a good time?

6.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -10.6% — contango

<30 or >70

IV percentile 14% — buyer opportunity

≥10pts kink

IV kink -1.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 392.09 — 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 -2% @ 51% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.7
bullishIV cheap, mixed flow
Long Puts7.0
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.8
bullishIV too cheap, mixed flow
Covered Call4.2
bearishIV too cheap, 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 IJR

IJR gamma wallsIJR max painIJR IV rankIJR options flow