AInvestOption Pilot Program
Options/NCLD
N

NCLDRoundhill Neocloud ETF

Options Analysis Report
AUM $56M|NASDAQ
● 2026-08-31$21.99
BULLISH
Analysis: 2026-08-28 EOD data
1Y -1.7%YTD -1.7%7D -2.6%
622
30D
±8.6%
92%

NCLD Options Overview

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

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
Loading score history...

NCLD Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

2.6
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 91.5% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 95% — above sector median

<1.1x

Front/Back 1.00x — flat

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 76.4% — normal range

<80%

Effective IV 143.8% (ATM 76.4% + spread 33.7% + bias) — expensive

<3.0%

Total drag 41.09% (spread 33.72% + slippage 7.37%) — high friction

≥5.0

Vega efficiency 1.95 (vega 6.587 / spread 33.72%) — spread drag

Sentiment

Bullish or bearish?

5.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +7%, Raw: +23%)
|net sentiment| ≥25%

Conviction-weighted: +7% (neutral) — Raw: +23%

≥15%

|OI skew| 42.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -6.8%, OI skew +42.9% — 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: -55%, ATM: +100%, OTM: +50% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 88% — very bearish vs sector

Activity

Unusual activity?

5.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.9x avg — normal

≥15%

Vol/OI 12.9% — normal turnover

≥2 days

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

≥5%

OI change +8.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 87% — very active vs sector

≥30%

Large trade volume 32% — institutional presence

≥60%

Aggressive execution 21% — patient

≥30

Conviction +7 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 33.7% — wide

≥10,000

OI 4,815 — thin

≥500

Volume 622/day — adequate

≤$0.50

$1.69 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 96% — much wider than sector

≥100 contracts

Depth 176.8 contracts (bid:42.9 ask:133.9) — adequate

<1.0%

Avg slippage 7.37% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +0.0% — flat/unclear

<30 or >70

IV percentile 92% — seller opportunity

≥10pts kink

IV kink 25.9pts — event priced

<0.5 or >2.0

θ/ν ratio 553.54 — favors income trades

≥3 expirations

1 liquid expirations — limited

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +7% @ 54% consistency — unclear

≥40 composite score

Score 62 (ITM 20% + inst 32%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls4.2
bullishIV expensive, mixed flow
Long Puts4.1
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put6.0
bullishIV rich premium, mixed flow
Covered Call5.5
bearishIV rich premium, 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 NCLD

NCLD gamma wallsNCLD max painNCLD IV rankNCLD options flow