Options/ZETA

ZETAZeta Global Holdings Corp.

Options Analysis Report•SERVICES-PREPACKAGED SOFTWARE

Market Cap $7.7B|NYSE

● 2026-09-11$30.56

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +47.2%YTD +53.5%7D -2.5%

Options Vol

9,454

30D

Implied Move

±16.9%

IV Rank

ZETA Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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ZETA Gamma Walls

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Value

Is IV priced right?

6.2

ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 83.1% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.23x — IV premium over HV

Sector Relative≤50%

Sector percentile 61% — above sector median

Term Structure

<1.1x

Front/Back 0.89x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 63.5% — normal range

Spread-Adjusted Value

<80%

Effective IV 80.3% (ATM 63.5% + spread 8.4% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 13.76% (spread 8.40% + slippage 5.36%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 5.38 (vega 4.518 / spread 8.40%) — acceptable

Sentiment

Bullish or bearish?

5.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -8%, Raw: -12%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -8% (neutral) — Raw: -12%

OI Skew Magnitude

≥15%

|OI skew| 30.2% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +17.8%, OI skew +30.2% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 21%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +22%, ATM: +6%, OTM: -22% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 55% — neutral vs sector

Activity

Unusual activity?

2.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.6x avg — normal

Turnover Rate

≥15%

Vol/OI 3.2% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -0.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 64% — active vs sector

Trade Quality

≥30%

Large trade volume 18% — mixed

Execution Urgency

≥60%

Aggressive execution 26% — patient

Flow Conviction

≥30

Conviction -8 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.5

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 295,402 — deep

Active Volume

≥500

Volume 9,454/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 77% — wider than sector

Order Book Depth

≥100 contracts

Depth 438.1 contracts (bid:193.5 ask:244.6) — adequate

Execution Quality

<1.0%

Avg slippage 5.36% — poor

Timing

Is now a good time?

6.2

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -10.8% — contango

IV Percentile Clarity

<30 or >70

IV percentile 83% — seller opportunity

Event Detection

≥10pts kink

IV kink -2.6pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 142.97 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 48 (ITM 20% + inst 18%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.8

bullishIV cheap, mixed flow

Long Puts5.3

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put5.0

bullishIV too cheap, mixed flow

Covered Call4.4

bearishIV too cheap, mixed 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 ZETA

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