AInvestOption Pilot Program
Options/VGT
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VGTVanguard Information Technology ETF

Options Analysis Report
AUM $160.2B|ARCX
● 2026-08-31$120.07
BEARISH
Analysis: 2026-08-28 EOD data
1Y +39.3%YTD +27.1%7D +3.1%
2,346
30D
±6.1%
28%

VGT Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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VGT Gamma Walls

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Value

Is IV priced right?

7.2
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 37.5% — elevated vs history

<1.05x

IV/HV 1.04x — IV ≤ HV

Sector Relative≤50%

Sector percentile 58% — above sector median

<1.1x

Front/Back 0.80x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 26.5% — normal range

<80%

Effective IV 63.6% (ATM 26.5% + spread 18.6% + bias) — good value

<3.0%

Total drag 25.87% (spread 18.56% + slippage 7.31%) — high friction

≥5.0

Vega efficiency 13.75 (vega 25.528 / spread 18.56%) — efficient

Sentiment

Bullish or bearish?

2.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -63%, Raw: -59%)
|net sentiment| ≥25%

Conviction-weighted: -63% (strong bearish) — Raw: -59%

≥15%

|OI skew| 24.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -23.7%, OI skew +24.1% — 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: -65%, ATM: -66%, OTM: -46% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 92% — very bearish vs sector

Activity

Unusual activity?

4.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 2.7% — normal turnover

≥2 days

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

≥5%

OI change +10.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 55% — neutral vs sector

≥30%

Large trade volume 39% — institutional presence

≥60%

Aggressive execution 37% — patient

≥30

Conviction -63 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.1
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 18.6% — wide

≥10,000

OI 88,336 — deep

≥500

Volume 2,346/day — adequate

≤$0.50

$0.93 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 68% — wider than sector

≥100 contracts

Depth 259.9 contracts (bid:137.9 ask:122.0) — adequate

<1.0%

Avg slippage 7.31% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -19.6% — contango

<30 or >70

IV percentile 38% — neutral

≥10pts kink

IV kink -3.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 635.02 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -63% @ 82% consistency — STRONG directional (bearish)

≥40 composite score

Score 69 (ITM 20% + inst 39%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls4.8
bullishIV cheap, bearish flow
Long Puts6.8
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.3
bullishIV too cheap, bearish flow
Covered Call5.3
bearishIV too cheap, bearish 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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