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ACWIiShares MSCI ACWI ETF

Options Analysis Report
AUM $33.3B|NASDAQ
● 2026-08-31$161.09
BEARISH
Analysis: 2026-08-28 EOD data
1Y +21.6%YTD +13.1%7D +0.6%
51
30D
±3.3%
3%

ACWI Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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ACWI Gamma Walls

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Value

Is IV priced right?

7.9
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 9.4% — cheap vs history

<1.05x

IV/HV 1.52x — IV premium over HV

Sector Relative≤50%

Sector percentile 17% — below sector median

<1.1x

Front/Back 0.71x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 14.9% — normal range

<80%

Effective IV 45.7% (ATM 14.9% + spread 15.4% + bias) — excellent value

<3.0%

Total drag 20.50% (spread 15.39% + slippage 5.11%) — high friction

≥5.0

Vega efficiency 14.73 (vega 22.674 / spread 15.39%) — efficient

Sentiment

Bullish or bearish?

2.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -63%, Raw: -60%)
|net sentiment| ≥25%

Conviction-weighted: -63% (strong bearish) — Raw: -60%

≥15%

|OI skew| 51.0% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -9.8%, OI skew -51.0% — weak (same direction)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +11%, ATM: -20%, OTM: -100% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 89% — very bearish vs sector

Activity

Unusual activity?

2.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.6% — normal turnover

≥2 days

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

≥5%

OI change +0.6% (5d) — stable

Sector Relative≥60%

Sector activity percentile 21% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 21% — patient

≥30

Conviction -63 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.1
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 15.4% — wide

≥10,000

OI 8,396 — thin

≥500

Volume 51/day — thin

≤$0.50

$0.77 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 37% — tighter than sector

≥100 contracts

Depth 178.7 contracts (bid:86.2 ask:92.5) — adequate

<1.0%

Avg slippage 5.11% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -29.4% — contango

<30 or >70

IV percentile 9% — buyer opportunity

≥10pts kink

IV kink -3.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 547.68 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -63% @ 82% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV cheap, bearish flow
Long Puts7.8
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.3
bullishIV too cheap, bearish flow
Covered Call4.9
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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