AInvestOption Pilot Program
Options/JQUA
J

JQUAJPMorgan U.S. Quality Factor ETF

Options Analysis Report
AUM $8.8B|ARCX
● 2026-08-31$74.89
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +21.8%YTD +18.7%7D +0.3%
1
30D
±3.7%
1%

JQUA Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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JQUA Gamma Walls

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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 6.3% — cheap vs history

<1.05x

IV/HV 1.19x — IV premium over HV

Sector Relative≤50%

Sector percentile 11% — below sector median

<1.1x

Front/Back 0.79x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 13.7% — normal range

<80%

Effective IV 304.6% (ATM 13.7% + spread 145.4% + bias) — expensive

<3.0%

Total drag 200.00% (spread 145.45% + slippage 54.55%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 145.45%) — spread drag

Sentiment

Bullish or bearish?

3.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -100%, Raw: -100%)
|net sentiment| ≥25%

Conviction-weighted: -100% (strong bearish) — Raw: -100%

≥15%

|OI skew| 30.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +30.0% — 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: +0%, ATM: +0%, OTM: -100% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

4.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 5.0% — normal turnover

≥2 days

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

≥5%

OI change +5.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 69% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -100 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.3
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 145.4% — wide

≥10,000

OI 20 — thin

≥500

Volume 1/day — thin

≤$0.50

$7.27 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 33% — tighter than sector

≥100 contracts

Depth 364.0 contracts (bid:13.0 ask:351.0) — adequate

<1.0%

Avg slippage 54.55% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -21.0% — contango

<30 or >70

IV percentile 6% — buyer opportunity

≥10pts kink

IV kink -1.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥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 -100% @ 100% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV cheap, bearish flow
Long Puts6.6
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.2
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 JQUA

JQUA gamma wallsJQUA max painJQUA IV rankJQUA options flow