AInvestOption Pilot Program
Options/AAPX
A

AAPXT-Rex 2X Long Apple Daily Target ETF

Options Analysis Report
AUM $8M|BATS
● 2026-08-31$37.38
BEARISH
Analysis: 2026-08-28 EOD data
1Y +61.5%YTD +23.9%7D +5.8%
32
30D
±8.6%
11%

AAPX Options Overview

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

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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AAPX Gamma Walls

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Value

Is IV priced right?

4.2
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 76.6% — elevated vs history

<1.05x

IV/HV 1.29x — IV premium over HV

Sector Relative≤50%

Sector percentile 87% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 50.5% — normal range

<80%

Effective IV 134.7% (ATM 50.5% + spread 42.1% + bias) — expensive

<3.0%

Total drag 45.39% (spread 42.08% + slippage 3.31%) — high friction

≥5.0

Vega efficiency 2.58 (vega 10.876 / spread 42.08%) — spread drag

Sentiment

Bullish or bearish?

1.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -78%, Raw: -81%)
|net sentiment| ≥25%

Conviction-weighted: -78% (strong bearish) — Raw: -81%

≥15%

|OI skew| 4.4% — balanced

Same sign, |vol skew| ≥10%

Vol skew -62.5%, OI skew +4.4% — divergent (opposite)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -100%, ATM: +33%, OTM: -93% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 97% — very bearish vs sector

Activity

Unusual activity?

6.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 2.2x avg — hot

≥15%

Vol/OI 28.3% — high turnover

≥2 days

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

≥5%

OI change +28.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 95% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -78 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.2
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 42.1% — wide

≥10,000

OI 113 — thin

≥500

Volume 32/day — thin

≤$0.50

$2.10 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 90% — much wider than sector

≥100 contracts

Depth 246.0 contracts (bid:122.8 ask:123.2) — adequate

<1.0%

Avg slippage 3.31% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -11.8% — contango

<30 or >70

IV percentile 77% — seller opportunity

≥10pts kink

IV kink 0.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 701.70 — favors income trades

≥3 expirations

2 liquid expirations — limited

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -78% @ 89% consistency — STRONG directional (bearish)

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls3.4
bullishIV fair, bearish flow
Long Puts6.9
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.7
bullishIV fair, bearish flow
Covered Call6.2
bearishIV fair, 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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