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Options/SOXQ
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SOXQInvesco PHLX Semiconductor ETF

Options Analysis Report•INVESTMENT ADVICE
AUM $3.0B|NASDAQ
● 2026-08-31$90.28
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +104.4%YTD +55.7%7D +0.4%
127
30D
±9.7%
17%

SOXQ Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SOXQ Gamma Walls

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Value

Is IV priced right?

4.9
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 61.3% — elevated vs history

<1.05x

IV/HV 0.94x — IV ≤ HV

Sector Relative≤50%

Sector percentile 78% — above sector median

<1.1x

Front/Back 0.80x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 38.5% — normal range

<80%

Effective IV 105.4% (ATM 38.5% + spread 33.5% + bias) — expensive

<3.0%

Total drag 42.01% (spread 33.47% + slippage 8.54%) — high friction

≥5.0

Vega efficiency 2.49 (vega 8.328 / spread 33.47%) — spread drag

Sentiment

Bullish or bearish?

4.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +8%, Raw: +6%)
|net sentiment| ≥25%

Conviction-weighted: +8% (neutral) — Raw: +6%

≥15%

|OI skew| 18.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -18.1%, OI skew +18.9% — divergent (opposite)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +20%, ATM: +33%, OTM: -17% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 90% — very bearish vs sector

Activity

Unusual activity?

3.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 3.4% — normal turnover

≥2 days

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

≥5%

OI change +22.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 61% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 25% — patient

≥30

Conviction +8 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.5
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 33.5% — wide

≥10,000

OI 3,749 — thin

≥500

Volume 127/day — thin

≤$0.50

$1.67 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 83% — much wider than sector

≥100 contracts

Depth 230.4 contracts (bid:125.9 ask:104.5) — adequate

<1.0%

Avg slippage 8.54% — poor

Timing

Is now a good time?

6.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -20.1% — contango

<30 or >70

IV percentile 61% — neutral

≥10pts kink

IV kink -5.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 101.81 — 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 +8% @ 54% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.7
bullishIV fair, mixed flow
Long Puts4.9
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV fair, mixed flow
Covered Call4.8
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 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 SOXQ

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