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NUNu Holdings Ltd.

Options Analysis Report
Market Cap $72.6B|NYSE
2026-09-11$15.02
BULLISH
Analysis: 2026-09-10 EOD data
1Y -3.8%YTD -11.8%7D -2.3%
52,199
30D
±12.3%
28%

NU Options Overview

bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

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NU Gamma Walls

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NU Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where NU sits on protection cost vs. fragility today.

Protection is priced in the cheap band (2.71) — downside puts carry 4.3 IV points LESS than at-the-money, and near-dated vol is priced 6% below far-dated, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads neutral (4.88): it is trading 10% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is expanding.

Protection cost
2.71/ 10cheap
Basis: cross_sectional
Fragility
4.88/ 10neutral
Basis: per_ticker

Value

Is IV priced right?

4.9
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 67.4% — elevated vs history

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 80% — above sector median

<1.1x

Front/Back 0.94x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 46.3% — normal range

<80%

Effective IV 73.6% (ATM 46.3% + spread 13.6% + bias) — fair

<3.0%

Total drag 19.16% (spread 13.64% + slippage 5.52%) — high friction

≥5.0

Vega efficiency 0.88 (vega 1.205 / spread 13.64%) — spread drag

Sentiment

Bullish or bearish?

5.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -33%, Raw: -16%)
|net sentiment| ≥25%

Conviction-weighted: -33% (strong bearish) — Raw: -16%

≥15%

|OI skew| 27.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +72.3%, OI skew +27.3% — aligned

≥2/3 conditions

0-DTE 24%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -83%, ATM: -25%, OTM: +19% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 8% — very bullish vs sector

Activity

Unusual activity?

4.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.5x avg — normal

≥15%

Vol/OI 2.6% — normal turnover

≥2 days

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

≥5%

OI change +13.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

≥30%

Large trade volume 51% — heavy institutional

≥60%

Aggressive execution 39% — patient

≥30

Conviction -33 (bearish) — moderate

Liquidity

Can I trade efficiently?

4.3
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 13.6% — wide

≥10,000

OI 2,029,561 — deep

≥500

Volume 52,199/day — active

≤$0.50

$0.68 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 85% — much wider than sector

≥100 contracts

Depth 1,073.4 contracts (bid:533.5 ask:539.9) — deep

<1.0%

Avg slippage 5.52% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -6.5% — contango

<30 or >70

IV percentile 67% — neutral

≥10pts kink

IV kink -3.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 56.83 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -33% @ 66% consistency — moderate (bearish)

≥40 composite score

Score 81 (ITM 20% + inst 51%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV fair, mixed flow
Long Puts5.1
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.3
bullishIV fair, mixed flow
Covered Call5.1
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 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.

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