AInvestOption Pilot Program
Options/SVXY
S

SVXYProShares Short VIX Short-Term Futures ETF

Options Analysis Report•COMMODITY CONTRACTS BROKERS & DEALERS
AUM $254M|BATS
● 2026-08-31$62.55
BEARISH
Analysis: 2026-08-28 EOD data
1Y +30.3%YTD +12.1%7D +2.0%
474
30D
±6.9%
5%

SVXY Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

4.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SVXY Gamma Walls

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Value

Is IV priced right?

5.5
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 49.4% — elevated vs history

<1.05x

IV/HV 2.64x — IV premium over HV

Sector Relative≤50%

Sector percentile 70% — above sector median

<1.1x

Front/Back 0.67x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 31.9% — normal range

<80%

Effective IV 87.3% (ATM 31.9% + spread 27.7% + bias) — expensive

<3.0%

Total drag 32.46% (spread 27.72% + slippage 4.74%) — high friction

≥5.0

Vega efficiency 11.28 (vega 31.260 / spread 27.72%) — efficient

Sentiment

Bullish or bearish?

4.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +19%, Raw: +19%)
|net sentiment| ≥25%

Conviction-weighted: +19% (bullish) — Raw: +19%

≥15%

|OI skew| 20.1% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -96.6%, OI skew -20.1% — 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: +37%, OTM: +18% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 99% — very bearish vs sector

Activity

Unusual activity?

2.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.3x avg — normal

≥15%

Vol/OI 0.8% — normal turnover

≥2 days

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

≥5%

OI change +1.4% (5d) — stable

Sector Relative≥60%

Sector activity percentile 26% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 4% — patient

≥30

Conviction +19 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 27.7% — wide

≥10,000

OI 60,374 — deep

≥500

Volume 474/day — thin

≤$0.50

$1.39 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 77% — wider than sector

≥100 contracts

Depth 195.6 contracts (bid:94.6 ask:101.0) — adequate

<1.0%

Avg slippage 4.74% — poor

Timing

Is now a good time?

6.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -32.6% — contango

<30 or >70

IV percentile 49% — neutral

≥10pts kink

IV kink -8.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 3859.25 — 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 +19% @ 60% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.8
bullishIV fair, mixed flow
Long Puts6.3
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV fair, mixed flow
Covered Call5.0
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.

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