AInvestOption Pilot Program
Options/NVDQ
N

NVDQT-Rex 2X Inverse NVIDIA Daily Target ETF

Options Analysis Report
AUM $20M|BATS
● 2026-08-31$9.16
VERY BULLISH
Analysis: 2026-08-28 EOD data
1Y -59.1%YTD -44.1%7D -11.2%
382
30D
±19.3%
2%

NVDQ Options Overview

IV is elevated with bullish flow and unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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NVDQ Gamma Walls

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Value

Is IV priced right?

5.4
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 90.2% — elevated vs history

<1.05x

IV/HV 0.74x — IV ≤ HV

Sector Relative≤50%

Sector percentile 94% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 72.6% — normal range

<80%

Effective IV 136.8% (ATM 72.6% + spread 32.1% + bias) — expensive

<3.0%

Total drag 46.18% (spread 32.09% + slippage 14.09%) — high friction

≥5.0

Vega efficiency 0.80 (vega 2.578 / spread 32.09%) — spread drag

Sentiment

Bullish or bearish?

7.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +15%, Raw: +16%)
|net sentiment| ≥25%

Conviction-weighted: +15% (bullish) — Raw: +16%

≥15%

|OI skew| 78.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +96.9%, OI skew +78.3% — 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: -82%, ATM: -84%, OTM: +69% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 1% — very bullish vs sector

Activity

Unusual activity?

7.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks6/8 checks passed
≥1.5x

Volume 3.6x avg — hot

≥15%

Vol/OI 23.4% — high turnover

≥2 days

3 day(s) elevated — sustained

≥5%

OI change +74.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 93% — very active vs sector

≥30%

Large trade volume 43% — institutional presence

≥60%

Aggressive execution 28% — patient

≥30

Conviction +15 (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 32.1% — wide

≥10,000

OI 1,632 — thin

≥500

Volume 382/day — thin

≤$0.50

$1.60 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 95% — much wider than sector

≥100 contracts

Depth 1,331.0 contracts (bid:698.6 ask:632.4) — deep

<1.0%

Avg slippage 14.09% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -11.6% — contango

<30 or >70

IV percentile 90% — seller opportunity

≥10pts kink

IV kink -6.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 537.12 — 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 +15% @ 58% consistency — unclear

≥40 composite score

Score 73 (ITM 20% + inst 43%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.8
bullishIV fair, bullish flow
Long Puts4.4
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, bullish flow
Covered Call4.0
bearishIV fair, 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 NVDQ

NVDQ gamma wallsNVDQ max painNVDQ IV rankNVDQ options flow