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Options/VNOM
V

VNOMViper Energy, Inc. Class A Common Stock

Options Analysis Report•CRUDE PETROLEUM & NATURAL GAS
Market Cap $15.9B|NASDAQ
● 2026-08-31$44.18
BULLISH
Analysis: 2026-08-28 EOD data
1Y +11.7%YTD +13.9%7D -1.2%
284
30D
±7.6%
3%

VNOM Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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VNOM Gamma Walls

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Value

Is IV priced right?

7.7
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 45.2% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 26% — below sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 29.9% — normal range

<80%

Effective IV 79.4% (ATM 29.9% + spread 24.8% + bias) — fair

<3.0%

Total drag 29.23% (spread 24.76% + slippage 4.47%) — high friction

≥5.0

Vega efficiency 2.62 (vega 6.476 / spread 24.76%) — spread drag

Sentiment

Bullish or bearish?

6.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -7%, Raw: +10%)
|net sentiment| ≥25%

Conviction-weighted: -7% (neutral) — Raw: +10%

≥15%

|OI skew| 60.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +95.8%, OI skew +60.2% — 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: -17%, ATM: +0%, OTM: +19% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 7% — very bullish vs sector

Activity

Unusual activity?

2.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.3x avg — normal

≥15%

Vol/OI 1.5% — normal turnover

≥2 days

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

≥5%

OI change +7.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 51% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 9% — patient

≥30

Conviction -7 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 24.8% — wide

≥10,000

OI 19,648 — adequate

≥500

Volume 284/day — thin

≤$0.50

$1.24 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 54% — neutral vs sector

≥100 contracts

Depth 168.8 contracts (bid:75.9 ask:92.9) — adequate

<1.0%

Avg slippage 4.47% — poor

Timing

Is now a good time?

6.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -13.1% — contango

<30 or >70

IV percentile 45% — neutral

≥10pts kink

IV kink -4.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 273.27 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -7% @ 53% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts5.3
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, bullish flow
Covered Call3.5
bearishIV too cheap, 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.

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