AInvestOption Pilot Program
Options/INDL
I

INDLDirexion Daily MSCI India Bull 2X ETF

Options Analysis Report
AUM $56M|ARCX
● 2026-08-31$44.99
VERY BULLISH
Analysis: 2026-08-28 EOD data
1Y -18.3%YTD -22.3%7D +0.8%
13
30D
±8.9%
8%

INDL Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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INDL Gamma Walls

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Value

Is IV priced right?

4.5
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 53.8% — elevated vs history

<1.05x

IV/HV 1.79x — IV premium over HV

Sector Relative≤50%

Sector percentile 73% — above sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 34.2% — normal range

<80%

Effective IV 87.4% (ATM 34.2% + spread 26.6% + bias) — expensive

<3.0%

Total drag 26.62% (spread 26.62% + slippage 0.00%) — high friction

≥5.0

Vega efficiency 1.60 (vega 4.253 / spread 26.62%) — spread drag

Sentiment

Bullish or bearish?

10.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksCall-heavy - Moderate signal (P/C: 0.00)
<0.65 or >1.55

P/C 0.00 — call-heavy (buy/sell unknown)

≥15%

|OI skew| 57.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +57.5% — 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: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

3.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.5x avg — normal

≥15%

Vol/OI 2.4% — normal turnover

≥2 days

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

≥5%

OI change +15.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction +0 (neutral) — mixed

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 26.6% — wide

≥10,000

OI 532 — thin

≥500

Volume 13/day — thin

≤$0.50

$1.33 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 80% — wider than sector

≥100 contracts

Depth 28.0 contracts (bid:11.5 ask:16.5) — thin

<1.0%

Avg slippage 0.00% — excellent

Timing

Is now a good time?

6.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -10.7% — contango

<30 or >70

IV percentile 54% — neutral

≥10pts kink

IV kink -2.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 86.97 — 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 +0% @ 50% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.4
bullishIV fair, bullish flow
Long Puts2.9
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV fair, bullish flow
Covered Call3.2
bearishIV fair, 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.

More on INDL

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