AInvestOption Pilot Program
Options/MVLL
M

MVLLGraniteShares 2x Long MRVL Daily ETF

Options Analysis Report
AUM $413M|NASDAQ
● 2026-08-31$25.06
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +424.3%YTD +216.9%7D -12.6%
8,220
30D
±32.9%
23%

MVLL Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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MVLL Gamma Walls

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Value

Is IV priced right?

4.0
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 98.0% — elevated vs history

<1.05x

IV/HV 0.69x — IV ≤ HV

Sector Relative≤50%

Sector percentile 98% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 125.4% — crisis-level IV

<80%

Effective IV 162.0% (ATM 125.4% + spread 18.3% + bias) — expensive

<3.0%

Total drag 24.05% (spread 18.29% + slippage 5.76%) — high friction

≥5.0

Vega efficiency 1.30 (vega 2.380 / spread 18.29%) — spread drag

Sentiment

Bullish or bearish?

6.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -8%, Raw: +1%)
|net sentiment| ≥25%

Conviction-weighted: -8% (neutral) — Raw: +1%

≥15%

|OI skew| 28.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +26.4%, OI skew +28.0% — 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: -17%, ATM: -11%, OTM: +7% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 21% — very bullish vs sector

Activity

Unusual activity?

7.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 3.5x avg — hot

≥15%

Vol/OI 43.6% — high turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +28.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 96% — very active vs sector

≥30%

Large trade volume 15% — mostly retail

≥60%

Aggressive execution 31% — patient

≥30

Conviction -8 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.2
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 18.3% — wide

≥10,000

OI 18,855 — adequate

≥500

Volume 8,220/day — active

≤$0.50

$0.91 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

≥100 contracts

Depth 411.6 contracts (bid:209.4 ask:202.2) — adequate

<1.0%

Avg slippage 5.76% — 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 -12.0% — contango

<30 or >70

IV percentile 98% — seller opportunity

≥10pts kink

IV kink -12.5pts — no clear event

<0.5 or >2.0

θ/ν ratio 31.74 — 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 -8% @ 54% consistency — unclear

≥40 composite score

Score 45 (ITM 20% + inst 15%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls5.1
bullishIV expensive, bullish flow
Long Puts4.4
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV rich premium, bullish flow
Covered Call4.9
bearishIV rich premium, 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 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 MVLL

MVLL gamma wallsMVLL max painMVLL IV rankMVLL options flow