Options/W

WWayfair Inc.

Options Analysis Report•RETAIL-CATALOG & MAIL-ORDER HOUSES

Market Cap $14.4B|NYSE

● 2026-08-28$105.01

BULLISH

Analysis: 2026-08-27 EOD data

1Y +39.2%YTD -1.5%7D +3.4%

Options Vol

7,707

30D

Implied Move

±15.1%

IV Rank

W Options Overview

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

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

W Gamma Walls

Loading gamma walls...

W Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where W sits on protection cost vs. fragility today.

Protection is priced in the cheap band (0.72) — options are pricing vol 48% below what the stock has actually been realizing, and downside puts carry 0.1 IV points more than at-the-money, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads resilient (3.57): it is trading 6% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

0.72/ 10cheap

Basis: cross_sectional

Fragility

3.57/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.7

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 78.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.52x — IV ≤ HV

Sector Relative≤50%

Sector percentile 85% — above sector median

Term Structure

<1.1x

Front/Back 0.94x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 56.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 73.0% (ATM 56.2% + spread 8.4% + bias) — fair

Execution Efficiency

<3.0%

Total drag 16.86% (spread 8.41% + slippage 8.45%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 13.70 (vega 11.521 / spread 8.41%) — efficient

Sentiment

Bullish or bearish?

7.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +41%, Raw: +31%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +41% (strong bullish) — Raw: +31%

OI Skew Magnitude

≥15%

|OI skew| 11.8% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +72.7%, OI skew -11.8% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 49%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -8%, ATM: +26%, OTM: +45% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 14% — very bullish vs sector

Activity

Unusual activity?

4.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 3.9% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -9.4% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 65% — active vs sector

Trade Quality

≥30%

Large trade volume 57% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 39% — patient

Flow Conviction

≥30

Conviction +41 (bullish) — moderate

Liquidity

Can I trade efficiently?

4.4

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 8.4% — wide

Adequate OI

≥10,000

OI 198,336 — deep

Active Volume

≥500

Volume 7,707/day — active

Reasonable Cost

≤$0.50

$0.42 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 92% — much wider than sector

Order Book Depth

≥100 contracts

Depth 165.60000000000002 contracts (bid:91.2 ask:74.4) — adequate

Execution Quality

<1.0%

Avg slippage 8.45% — poor

Timing

Is now a good time?

7.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -6.0% — contango

IV Percentile Clarity

<30 or >70

IV percentile 79% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 104.74 — favors income trades

Expiration Distribution

≥3 expirations

5 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 +41% @ 70% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 87 (ITM 20% + inst 57%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.6

bullishIV cheap, bullish flow

Long Puts5.1

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.8

bullishIV too cheap, bullish flow

Covered Call4.0

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.