AInvestOption Pilot Program
Options/SCO
S

SCOProShares UltraShort Bloomberg Crude Oil

Options Analysis Report•COMMODITY CONTRACTS BROKERS & DEALERS
AUM $759M|ARCX
● 2026-08-31$25.15
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -61.1%YTD -68.0%7D +3.4%
3,603
30D
±16.9%
19%

SCO Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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SCO Gamma Walls

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Value

Is IV priced right?

4.5
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 82.2% — elevated vs history

<1.05x

IV/HV 0.86x — IV ≤ HV

Sector Relative≤50%

Sector percentile 90% — above sector median

<1.1x

Front/Back 0.86x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 58.1% — normal range

<80%

Effective IV 126.5% (ATM 58.1% + spread 34.2% + bias) — expensive

<3.0%

Total drag 42.67% (spread 34.19% + slippage 8.48%) — high friction

≥5.0

Vega efficiency 0.80 (vega 2.728 / spread 34.19%) — spread drag

Sentiment

Bullish or bearish?

6.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -3%, Raw: -3%)
|net sentiment| ≥25%

Conviction-weighted: -3% (neutral) — Raw: -3%

≥15%

|OI skew| 15.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +26.0%, OI skew +15.1% — 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: +11%, OTM: -16% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

3.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 7.0% — normal turnover

≥2 days

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

≥5%

OI change +24.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 77% — active vs sector

≥30%

Large trade volume 11% — mostly retail

≥60%

Aggressive execution 28% — patient

≥30

Conviction -3 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.0
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 34.2% — wide

≥10,000

OI 51,257 — deep

≥500

Volume 3,603/day — adequate

≤$0.50

$1.71 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 92% — much wider than sector

≥100 contracts

Depth 450.90000000000003 contracts (bid:269.6 ask:181.3) — adequate

<1.0%

Avg slippage 8.48% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -13.6% — contango

<30 or >70

IV percentile 82% — seller opportunity

≥10pts kink

IV kink -6.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 85.78 — 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 -3% @ 52% consistency — unclear

≥40 composite score

Score 41 (ITM 20% + inst 11%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV fair, bullish flow
Long Puts4.4
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, bullish flow
Covered Call4.7
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 SCO

SCO gamma wallsSCO max painSCO IV rankSCO options flow