Options/VUG

VUGVanguard Morningstar Growth ETF

Options Analysis Report

AUM $372.0B|ARCX

● 2026-09-11$87.21

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +11.4%YTD +7.6%7D -1.4%

Options Vol

1,308

30D

Implied Move

±8.6%

IV Rank

14%

VUG Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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VUG Gamma Walls

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Value

Is IV priced right?

7.4

ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 17.3% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.60x — IV premium over HV

Sector Relative≤50%

Sector percentile 30% — below sector median

Term Structure

<1.1x

Front/Back 0.96x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 19.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 58.3% (ATM 19.6% + spread 19.3% + bias) — good value

Execution Efficiency

<3.0%

Total drag 25.38% (spread 19.34% + slippage 6.04%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 9.02 (vega 17.452 / spread 19.34%) — efficient

Sentiment

Bullish or bearish?

6.2

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +56%, Raw: +42%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +56% (strong bullish) — Raw: +42%

OI Skew Magnitude

≥15%

|OI skew| 2.4% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -15.7%, OI skew +2.4% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -2%, ATM: +42%, OTM: +56% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 88% — very bearish vs sector

Activity

Unusual activity?

4.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 1.3x avg — normal

Turnover Rate

≥15%

Vol/OI 2.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +2.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

Trade Quality

≥30%

Large trade volume 24% — mixed

Execution Urgency

≥60%

Aggressive execution 34% — patient

Flow Conviction

≥30

Conviction +56 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

3.3

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 19.3% — wide

Adequate OI

≥10,000

OI 50,852 — deep

Active Volume

≥500

Volume 1,308/day — adequate

Reasonable Cost

≤$0.50

$0.97 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 47% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 269.6 contracts (bid:171.7 ask:97.9) — adequate

Execution Quality

<1.0%

Avg slippage 6.04% — poor

Timing

Is now a good time?

6.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -3.9% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 17% — buyer opportunity

Event Detection

≥10pts kink

IV kink 0.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 786.12 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +56% @ 78% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 54 (ITM 20% + inst 24%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.2

bullishIV cheap, bullish flow

Long Puts5.4

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, bullish flow

Covered Call3.8

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 Sep 7, 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 VUG

VUG gamma walls VUG option chain VUG max pain VUG expected move VUG IV rank VUG put/call ratio VUG options flow