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ACBAurora Cannabis Inc. Common Shares

Options Analysis Report
Market Cap $254M|NASDAQ
● 2026-08-31$4.01
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -22.4%YTD -7.6%7D +1.8%
170
30D
±14.0%
2%

ACB Options Overview

IV is elevated. No clear edge detected.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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ACB Gamma Walls

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Value

Is IV priced right?

6.7
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 78.4% — elevated vs history

<1.05x

IV/HV 0.66x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — above sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 52.6% — normal range

<80%

Effective IV 151.4% (ATM 52.6% + spread 49.4% + bias) — expensive

<3.0%

Total drag 62.23% (spread 49.38% + slippage 12.85%) — high friction

≥5.0

Vega efficiency 0.20 (vega 0.972 / spread 49.38%) — spread drag

Sentiment

Bullish or bearish?

6.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -2%, Raw: -1%)
|net sentiment| ≥25%

Conviction-weighted: -2% (neutral) — Raw: -1%

≥15%

|OI skew| 41.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +23.5%, OI skew +41.9% — aligned

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +83%, ATM: -42%, OTM: +10% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 48% — neutral vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.5% — normal turnover

≥2 days

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

≥5%

OI change +9.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 21% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 33% — patient

≥30

Conviction -2 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 49.4% — wide

≥10,000

OI 37,328 — adequate

≥500

Volume 170/day — thin

≤$0.50

$2.47 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 79% — wider than sector

≥100 contracts

Depth 368.8 contracts (bid:333.3 ask:35.5) — adequate

<1.0%

Avg slippage 12.85% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -12.8% — contango

<30 or >70

IV percentile 78% — seller opportunity

≥10pts kink

IV kink -3.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 571.47 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -2% @ 51% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.9
bullishIV cheap, bullish flow
Long Puts5.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, bullish flow
Covered Call3.9
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.

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