Options/SHEL

SHELShell plc American Depositary Shares (Each represents two Ordinary shares)

Options Analysis Report

Market Cap $274.5B|NYSE

● 2026-09-11$95.96

BULLISH

Analysis: 2026-09-10 EOD data

1Y +33.2%YTD +27.2%7D +3.2%

Options Vol

7,748

30D

Implied Move

±7.0%

IV Rank

11%

SHEL Options Overview

bullish flow with unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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SHEL Gamma Walls

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Value

Is IV priced right?

7.5

ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 30.4% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.64x — IV premium over HV

Sector Relative≤50%

Sector percentile 10% — below sector median

Term Structure

<1.1x

Front/Back 0.98x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 25.1% — normal range

Spread-Adjusted Value

<80%

Effective IV 41.6% (ATM 25.1% + spread 8.2% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 13.47% (spread 8.24% + slippage 5.23%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 15.89 (vega 13.090 / spread 8.24%) — efficient

Sentiment

Bullish or bearish?

6.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +10%, Raw: +4%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +10% (neutral) — Raw: +4%

OI Skew Magnitude

≥15%

|OI skew| 24.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +66.6%, OI skew +24.3% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 6%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -17%, ATM: +3%, OTM: +6% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 31% — bullish vs sector

Activity

Unusual activity?

3.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 3.3% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +0.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 64% — active vs sector

Trade Quality

≥30%

Large trade volume 9% — mostly retail

Execution Urgency

≥60%

Aggressive execution 65% — urgent

Flow Conviction

≥30

Conviction +10 (bullish) — mixed

Liquidity

Can I trade efficiently?

5.0

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 8.2% — wide

Adequate OI

≥10,000

OI 237,665 — deep

Active Volume

≥500

Volume 7,748/day — active

Reasonable Cost

≤$0.50

$0.41 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 41% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 259.9 contracts (bid:142.5 ask:117.4) — adequate

Execution Quality

<1.0%

Avg slippage 5.23% — poor

Timing

Is now a good time?

5.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks3/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -1.6% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 30% — neutral

Event Detection

≥10pts kink

IV kink -0.5pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 308.72 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

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

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +10% @ 55% consistency — unclear

Smart Money Timing

≥40 composite score

Score 39 (ITM 20% + inst 9%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls7.1

bullishIV cheap, bullish flow

Long Puts5.3

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.0

bullishIV too cheap, bullish flow

Covered Call3.7

bearishIV too cheap, 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 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.

More on SHEL

SHEL gamma walls SHEL option chain SHEL max pain SHEL expected move SHEL IV rank SHEL put/call ratio SHEL options flow