Options/VXUS

VXUSVanguard Total International Stock ETF

Options Analysis Report

AUM $646.2B|NASDAQ

● 2026-08-31$87.52

BULLISH

Analysis: 2026-08-28 EOD data

1Y +23.5%YTD +14.3%7D +0.4%

Options Vol

677

30D

Implied Move

±4.4%

IV Rank

16%

VXUS Options Overview

IV is low with bullish flow and unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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VXUS Gamma Walls

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VXUS Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where VXUS sits on protection cost vs. fragility today.

Protection is priced in the cheap band (3.4) — implied vol sits in the 15th percentile of its own past year, and near-dated vol is priced 5% above far-dated, measured against this name's own rolling 21-trading-day realized moves (483 overlapping windows). Fragility reads neutral (4.34): it is trading 4% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

3.40/ 10cheap

Basis: cross_sectional

Fragility

4.34/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

6.2

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 15.4% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 1.53x — IV premium over HV

Sector Relative≤50%

Sector percentile 28% — below sector median

Term Structure

<1.1x

Front/Back 0.88x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 17.5% — normal range

Spread-Adjusted Value

<80%

Effective IV 121.1% (ATM 17.5% + spread 51.8% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 67.50% (spread 51.80% + slippage 15.70%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 1.58 (vega 8.178 / spread 51.80%) — spread drag

Sentiment

Bullish or bearish?

8.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +46%, Raw: +34%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +46% (strong bullish) — Raw: +34%

OI Skew Magnitude

≥15%

|OI skew| 25.4% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +53.9%, OI skew +25.4% — aligned

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: -54%, ATM: +50%, OTM: -28% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 13% — very bullish vs sector

Activity

Unusual activity?

5.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 1.2x avg — normal

Turnover Rate

≥15%

Vol/OI 5.6% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +13.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 72% — active vs sector

Trade Quality

≥30%

Large trade volume 27% — mixed

Execution Urgency

≥60%

Aggressive execution 29% — patient

Flow Conviction

≥30

Conviction +46 (bullish) — moderate

Liquidity

Can I trade efficiently?

3.2

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 51.8% — wide

Adequate OI

≥10,000

OI 12,079 — adequate

Active Volume

≥500

Volume 677/day — adequate

Reasonable Cost

≤$0.50

$2.59 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 45% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 124.2 contracts (bid:57.5 ask:66.7) — adequate

Execution Quality

<1.0%

Avg slippage 15.70% — poor

Timing

Is now a good time?

7.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -12.1% — contango

IV Percentile Clarity

<30 or >70

IV percentile 15% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 170.73 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +46% @ 73% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 57 (ITM 20% + inst 27%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls7.5

bullishIV cheap, bullish flow

Long Puts4.4

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.8

bullishIV too cheap, bullish flow

Covered Call3.6

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.

More on VXUS

VXUS gamma walls VXUS max pain VXUS IV rank VXUS options flow