AInvestOption Pilot Program
Options/QQQJ
Q

QQQJInvesco NASDAQ Next Gen 100 ETF

Options Analysis Report•INVESTMENT ADVICE
AUM $1.2B|NASDAQ
● 2026-08-31$45.65
BULLISH
Analysis: 2026-08-28 EOD data
1Y +32.2%YTD +21.7%7D +0.0%
17
30D
±3.3%
14%

QQQJ Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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QQQJ Gamma Walls

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Value

Is IV priced right?

8.4
ExpensiveCheap

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

levels.

Risk Checks8/9 checks passed
≤35%

IV Rank 16.1% — cheap vs history

<1.05x

IV/HV 0.97x — IV ≤ HV

Sector Relative≤50%

Sector percentile 29% — below sector median

<1.1x

Front/Back 0.60x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 17.8% — normal range

<80%

Effective IV 57.5% (ATM 17.8% + spread 19.8% + bias) — good value

<3.0%

Total drag 23.97% (spread 19.84% + slippage 4.13%) — high friction

≥5.0

Vega efficiency 6.76 (vega 13.406 / spread 19.84%) — acceptable

Sentiment

Bullish or bearish?

5.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -26%, Raw: -23%)
|net sentiment| ≥25%

Conviction-weighted: -26% (bearish) — Raw: -23%

≥15%

|OI skew| 40.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +76.5%, OI skew +40.2% — 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: +0%, ATM: -20%, OTM: -100% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 7% — very bullish vs sector

Activity

Unusual activity?

3.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 1.2x avg — normal

≥15%

Vol/OI 2.2% — normal turnover

≥2 days

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

≥5%

OI change +1.8% (5d) — stable

Sector Relative≥60%

Sector activity percentile 49% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 22% — patient

≥30

Conviction -26 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 19.8% — wide

≥10,000

OI 773 — thin

≥500

Volume 17/day — thin

≤$0.50

$0.99 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 46% — neutral vs sector

≥100 contracts

Depth 98.3 contracts (bid:50.9 ask:47.4) — thin

<1.0%

Avg slippage 4.13% — poor

Timing

Is now a good time?

7.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -39.8% — contango

<30 or >70

IV percentile 16% — buyer opportunity

≥10pts kink

IV kink -7.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 1426.17 — 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 -26% @ 67% consistency — moderate (bearish)

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls7.4
bullishIV cheap, mixed flow
Long Puts6.0
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, mixed flow
Covered Call3.7
bearishIV too cheap, 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.

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