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MANUMANCHESTER UNITED PLC

Options Analysis Report
Market Cap $3.8B|NYSE
● 2026-08-31$22.10
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +35.5%YTD +40.1%7D -6.8%
814
30D
±13.5%
11%

MANU Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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MANU Gamma Walls

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Value

Is IV priced right?

4.7
ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed
≤35%

IV Rank 68.9% — elevated vs history

<1.05x

IV/HV 1.30x — IV premium over HV

Sector Relative≤50%

Sector percentile 54% — above sector median

<1.1x

Front/Back 1.13x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 43.9% — normal range

<80%

Effective IV 162.4% (ATM 43.9% + spread 59.2% + bias) — expensive

<3.0%

Total drag 79.49% (spread 59.23% + slippage 20.26%) — high friction

≥5.0

Vega efficiency 1.08 (vega 6.409 / spread 59.23%) — spread drag

Sentiment

Bullish or bearish?

4.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -68%, Raw: -56%)
|net sentiment| ≥25%

Conviction-weighted: -68% (strong bearish) — Raw: -56%

≥15%

|OI skew| 36.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +85.7%, OI skew +36.0% — 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: -90%, OTM: -28% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 16% — very bullish vs sector

Activity

Unusual activity?

4.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 1.1x avg — normal

≥15%

Vol/OI 2.5% — normal turnover

≥2 days

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

≥5%

OI change +19.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 60% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 37% — patient

≥30

Conviction -68 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 59.2% — wide

≥10,000

OI 32,649 — adequate

≥500

Volume 814/day — adequate

≤$0.50

$2.96 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 79% — wider than sector

≥100 contracts

Depth 57.400000000000006 contracts (bid:41.1 ask:16.3) — thin

<1.0%

Avg slippage 20.26% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +13.5% — backwardation

<30 or >70

IV percentile 69% — neutral

≥10pts kink

IV kink 0.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 745.24 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: Earnings in 16d (low risk)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -68% @ 84% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.6
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.7
bullishIV fair, mixed flow
Covered Call5.3
bearishIV fair, 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 MANU

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