Options/MAGS

MAGSRoundhill Magnificent Seven ETF

Options Analysis Report

AUM $4.3B|BATS

● 2026-09-11$69.18

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +11.6%YTD +5.9%7D -0.4%

Options Vol

4,710

30D

Implied Move

±6.3%

IV Rank

MAGS Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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MAGS Gamma Walls

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Value

Is IV priced right?

6.8

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 28.4% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.48x — IV premium over HV

Sector Relative≤50%

Sector percentile 46% — below sector median

Term Structure

<1.1x

Front/Back 0.98x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 24.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 60.7% (ATM 24.2% + spread 18.2% + bias) — good value

Execution Efficiency

<3.0%

Total drag 24.39% (spread 18.25% + slippage 6.14%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 3.64 (vega 6.646 / spread 18.25%) — spread drag

Sentiment

Bullish or bearish?

6.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: -4%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -4% (neutral) — Raw: -4%

OI Skew Magnitude

≥15%

|OI skew| 36.6% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +20.2%, OI skew +36.6% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 3%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -0%, ATM: -28%, OTM: +21% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 23% — very bullish vs sector

Activity

Unusual activity?

3.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.6x avg — normal

Turnover Rate

≥15%

Vol/OI 2.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +1.4% (5d) — stable

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

Trade Quality

≥30%

Large trade volume 29% — mixed

Execution Urgency

≥60%

Aggressive execution 21% — patient

Flow Conviction

≥30

Conviction -4 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 18.2% — wide

Adequate OI

≥10,000

OI 179,967 — deep

Active Volume

≥500

Volume 4,710/day — adequate

Reasonable Cost

≤$0.50

$0.91 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 60% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 558.2 contracts (bid:277.7 ask:280.5) — deep

Execution Quality

<1.0%

Avg slippage 6.14% — poor

Timing

Is now a good time?

6.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -2.4% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 28% — buyer opportunity

Event Detection

≥10pts kink

IV kink 0.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 188.27 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -4% @ 52% consistency — unclear

Smart Money Timing

≥40 composite score

Score 59 (ITM 20% + inst 29%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.9

bullishIV cheap, bullish flow

Long Puts5.2

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, bullish flow

Covered Call3.9

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 Sep 7, 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 MAGS

MAGS gamma walls MAGS option chain MAGS max pain MAGS expected move MAGS IV rank MAGS put/call ratio MAGS options flow