AInvestOption Pilot Program
Options/IQQ
I

IQQiShares Nasdaq 100 ETF

Options Analysis Report
AUM $378M|NASDAQ
● 2026-08-31$24.24
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -0.9%YTD -0.9%7D +1.4%
177
30D
±5.1%
0%

IQQ Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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IQQ Gamma Walls

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Value

Is IV priced right?

7.6
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 19.4% — cheap vs history

<1.05x

IV/HV 1.04x — IV ≤ HV

Sector Relative≤50%

Sector percentile 34% — below sector median

<1.1x

Front/Back 0.75x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 19.0% — normal range

<80%

Effective IV 138.0% (ATM 19.0% + spread 59.5% + bias) — expensive

<3.0%

Total drag 77.50% (spread 59.49% + slippage 18.01%) — high friction

≥5.0

Vega efficiency 0.49 (vega 2.900 / spread 59.49%) — spread drag

Sentiment

Bullish or bearish?

3.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -28%, Raw: -19%)
|net sentiment| ≥25%

Conviction-weighted: -28% (bearish) — Raw: -19%

≥15%

|OI skew| 47.7% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -40.1%, OI skew +47.7% — 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: -41%, OTM: +41% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

4.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 4.7% — normal turnover

≥2 days

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

≥5%

OI change +10.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 67% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 33% — patient

≥30

Conviction -28 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 59.5% — wide

≥10,000

OI 3,748 — thin

≥500

Volume 177/day — thin

≤$0.50

$2.97 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 50% — neutral vs sector

≥100 contracts

Depth 381.4 contracts (bid:201.6 ask:179.8) — adequate

<1.0%

Avg slippage 18.01% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -25.3% — contango

<30 or >70

IV percentile 19% — buyer opportunity

≥10pts kink

IV kink -2.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 362.50 — 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 -28% @ 64% consistency — moderate (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV cheap, bearish flow
Long Puts6.4
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.5
bullishIV too cheap, bearish flow
Covered Call4.6
bearishIV too cheap, 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 IQQ

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