AInvestOption Pilot Program
Options/MRVU
M

MRVUDirexion Daily MRVL Bull 2X ETF

Options Analysis Report
AUM $139M|NASDAQ
● 2026-08-31$102.62
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +317.2%YTD +317.2%7D -12.3%
751
30D
±33.5%
0%

MRVU Options Overview

IV is elevated with bearish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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MRVU 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 Checks3/9 checks passed
≤35%

IV Rank 98.1% — elevated vs history

<1.05x

IV/HV 0.70x — IV ≤ HV

Sector Relative≤50%

Sector percentile 99% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 125.8% — crisis-level IV

<80%

Effective IV 194.6% (ATM 125.8% + spread 34.4% + bias) — expensive

<3.0%

Total drag 41.86% (spread 34.38% + slippage 7.48%) — high friction

≥5.0

Vega efficiency 2.80 (vega 9.633 / spread 34.38%) — spread drag

Sentiment

Bullish or bearish?

4.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: +4%, Raw: +8%)
|net sentiment| ≥25%

Conviction-weighted: +4% (neutral) — Raw: +8%

≥15%

|OI skew| 7.5% — balanced

Same sign, |vol skew| ≥10%

Vol skew -55.3%, OI skew +7.5% — 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: +60%, ATM: -7%, OTM: +8% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 96% — very bearish vs sector

Activity

Unusual activity?

6.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 6.6x avg — hot

≥15%

Vol/OI 101.2% — high turnover

≥2 days

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

≥5%

OI change +48.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 99% — very active vs sector

≥30%

Large trade volume 13% — mostly retail

≥60%

Aggressive execution 15% — patient

≥30

Conviction +4 (bullish) — 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 34.4% — wide

≥10,000

OI 742 — thin

≥500

Volume 751/day — adequate

≤$0.50

$1.72 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

≥100 contracts

Depth 87.9 contracts (bid:50.8 ask:37.1) — thin

<1.0%

Avg slippage 7.48% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -12.4% — contango

<30 or >70

IV percentile 98% — seller opportunity

≥10pts kink

IV kink -11.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 34.95 — 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 +4% @ 52% consistency — unclear

≥40 composite score

Score 43 (ITM 20% + inst 13%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls4.7
bullishIV fair, mixed flow
Long Puts5.1
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV fair, mixed flow
Covered Call5.2
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 MRVU

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