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UNHGLeverage Shares 2X Long UNH Daily ETF

Options Analysis Report
AUM $65M|NASDAQ
● 2026-08-31$19.76
BULLISH
Analysis: 2026-08-28 EOD data
1Y +16.0%YTD +13.6%7D -2.9%
151
30D
±12.8%
7%

UNHG Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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UNHG Gamma Walls

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Value

Is IV priced right?

3.9
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 81.4% — elevated vs history

<1.05x

IV/HV 1.39x — IV premium over HV

Sector Relative≤50%

Sector percentile 89% — above sector median

<1.1x

Front/Back 0.74x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 56.9% — normal range

<80%

Effective IV 124.9% (ATM 56.9% + spread 34.0% + bias) — expensive

<3.0%

Total drag 47.83% (spread 34.00% + slippage 13.83%) — high friction

≥5.0

Vega efficiency 1.27 (vega 4.315 / spread 34.00%) — spread drag

Sentiment

Bullish or bearish?

6.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -13%, Raw: +4%)
|net sentiment| ≥25%

Conviction-weighted: -13% (bearish) — Raw: +4%

≥15%

|OI skew| 55.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +85.4%, OI skew +55.4% — 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: -46%, ATM: +19%, OTM: +22% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 5% — very bullish vs sector

Activity

Unusual activity?

2.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 1.6% — normal turnover

≥2 days

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

≥5%

OI change +3.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 42% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 40% — patient

≥30

Conviction -13 (bearish) — 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 34.0% — wide

≥10,000

OI 9,241 — thin

≥500

Volume 151/day — thin

≤$0.50

$1.70 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 92% — much wider than sector

≥100 contracts

Depth 1,039.4 contracts (bid:542.3 ask:497.1) — deep

<1.0%

Avg slippage 13.83% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -26.4% — contango

<30 or >70

IV percentile 81% — seller opportunity

≥10pts kink

IV kink -16.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 359.61 — 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 -13% @ 56% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.9
bullishIV expensive, bullish flow
Long Puts4.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV rich premium, bullish flow
Covered Call4.8
bearishIV rich premium, 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 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 UNHG

UNHG gamma wallsUNHG max painUNHG IV rankUNHG options flow