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SQMSociedad Quimica y Minera de Chile SA

Options Analysis Report
Market Cap $22.5B|NYSE
● 2026-08-31$78.63
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +81.2%YTD +12.8%7D -4.5%
140
30D
±12.1%
4%

SQM Options Overview

IV is elevated. No clear edge detected.

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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SQM Gamma Walls

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Value

Is IV priced right?

6.1
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 70.5% — elevated vs history

<1.05x

IV/HV 1.30x — IV premium over HV

Sector Relative≤50%

Sector percentile 55% — above sector median

<1.1x

Front/Back 0.93x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 45.0% — normal range

<80%

Effective IV 87.2% (ATM 45.0% + spread 21.1% + bias) — expensive

<3.0%

Total drag 30.90% (spread 21.12% + slippage 9.78%) — high friction

≥5.0

Vega efficiency 3.49 (vega 7.372 / spread 21.12%) — spread drag

Sentiment

Bullish or bearish?

4.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +27%, Raw: +28%)
|net sentiment| ≥25%

Conviction-weighted: +27% (bullish) — Raw: +28%

≥15%

|OI skew| 10.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew -32.9%, OI skew -10.9% — 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: -100%, ATM: +28%, OTM: +32% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

2.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 0.9% — normal turnover

≥2 days

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

≥5%

OI change +2.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 27% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 54% — patient

≥30

Conviction +27 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 21.1% — wide

≥10,000

OI 15,974 — adequate

≥500

Volume 140/day — thin

≤$0.50

$1.06 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 75% — wider than sector

≥100 contracts

Depth 97.9 contracts (bid:42.0 ask:55.9) — thin

<1.0%

Avg slippage 9.78% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -7.2% — contango

<30 or >70

IV percentile 70% — seller opportunity

≥10pts kink

IV kink -1.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 104.28 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +27% @ 64% consistency — moderate (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV cheap, mixed flow
Long Puts5.5
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call4.7
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.

More on SQM

SQM gamma wallsSQM max painSQM IV rankSQM options flow