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TECKTeck Resources Limited

Options Analysis Report
Market Cap $34.0B|NYSE
● 2026-08-31$69.34
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +106.7%YTD +44.4%7D -1.2%
2,640
30D
±11.4%
11%

TECK Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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TECK Gamma Walls

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Value

Is IV priced right?

6.3
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 66.4% — elevated vs history

<1.05x

IV/HV 1.12x — IV premium over HV

Sector Relative≤50%

Sector percentile 48% — below sector median

<1.1x

Front/Back 0.81x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 42.2% — normal range

<80%

Effective IV 89.5% (ATM 42.2% + spread 23.7% + bias) — expensive

<3.0%

Total drag 32.59% (spread 23.67% + slippage 8.92%) — high friction

≥5.0

Vega efficiency 1.59 (vega 3.774 / spread 23.67%) — spread drag

Sentiment

Bullish or bearish?

5.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -2%, Raw: -3%)
|net sentiment| ≥25%

Conviction-weighted: -2% (neutral) — Raw: -3%

≥15%

|OI skew| 29.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +12.4%, OI skew +29.3% — 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: -29%, ATM: -27%, OTM: -0% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 64% — bearish vs sector

Activity

Unusual activity?

3.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.8x avg — normal

≥15%

Vol/OI 4.0% — normal turnover

≥2 days

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

≥5%

OI change +3.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 72% — active vs sector

≥30%

Large trade volume 76% — heavy institutional

≥60%

Aggressive execution 34% — patient

≥30

Conviction -2 (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 23.7% — wide

≥10,000

OI 66,783 — deep

≥500

Volume 2,640/day — adequate

≤$0.50

$1.18 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 71% — wider than sector

≥100 contracts

Depth 243.2 contracts (bid:165.9 ask:77.3) — adequate

<1.0%

Avg slippage 8.92% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -18.8% — contango

<30 or >70

IV percentile 66% — neutral

≥10pts kink

IV kink -6.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 33.49 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -2% @ 51% consistency — unclear

≥40 composite score

Score 106 (ITM 20% + inst 76%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.7
bullishIV cheap, mixed flow
Long Puts5.2
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, mixed flow
Covered Call4.3
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.

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