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XND

Options Analysis Report
Market Cap: --
● 2026-08-31$294.33
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +0.0%YTD +0.0%7D +0.0%
2,356
30D
±4.5%
0%
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XND Options Overview

IV is low with unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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XND Gamma Walls

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Value

Is IV priced right?

9.0
ExpensiveCheap

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

levels.

Risk Checks8/9 checks passed
≤35%

IV Rank 18.5% — cheap vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 18% — below sector median

<1.1x

Front/Back 0.61x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 18.6% — normal range

<80%

Effective IV 72.5% (ATM 18.6% + spread 26.9% + bias) — fair

<3.0%

Total drag 39.51% (spread 26.94% + slippage 12.57%) — high friction

≥5.0

Vega efficiency 31.92 (vega 85.980 / spread 26.94%) — efficient

Sentiment

Bullish or bearish?

3.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +0%, Raw: -8%)
|net sentiment| ≥25%

Conviction-weighted: +0% (neutral) — Raw: -8%

≥15%

|OI skew| 32.6% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -14.9%, OI skew -32.6% — aligned

≥2/3 conditions

0-DTE 13%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: +0%, OTM: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 86% — very bearish vs sector

Activity

Unusual activity?

5.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.1x avg — normal

≥15%

Vol/OI 14.9% — normal turnover

≥2 days

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

≥5%

OI change +21.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 93% — very active vs sector

≥30%

Large trade volume 29% — mixed

≥60%

Aggressive execution 25% — patient

≥30

Conviction +0 (neutral) — mixed

Liquidity

Can I trade efficiently?

3.2
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 26.9% — wide

≥10,000

OI 15,785 — adequate

≥500

Volume 2,356/day — adequate

≤$0.50

$1.35 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 48% — neutral vs sector

≥100 contracts

Depth 159.0 contracts (bid:85.8 ask:73.2) — adequate

<1.0%

Avg slippage 12.57% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -38.9% — contango

<30 or >70

IV percentile 18% — buyer opportunity

≥10pts kink

IV kink -5.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 1393.52 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +0% @ 54% consistency — unclear

≥40 composite score

Score 59 (ITM 20% + inst 29%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.0
bullishIV cheap, bearish flow
Long Puts6.9
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.3
bullishIV too cheap, bearish flow
Covered Call4.2
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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