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AGQProShares Ultra Silver

Options Analysis Report•COMMODITY CONTRACTS BROKERS & DEALERS
AUM $1.5B|ARCX
● 2026-08-31$82.67
BULLISH
Analysis: 2026-08-28 EOD data
1Y +36.6%YTD -49.2%7D -7.1%
18,722
30D
±23.0%
9%

AGQ Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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AGQ Gamma Walls

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Value

Is IV priced right?

5.2
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 92.9% — elevated vs history

<1.05x

IV/HV 1.05x — IV ≤ HV

Sector Relative≤50%

Sector percentile 95% — above sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 80.6% — crisis-level IV

<80%

Effective IV 106.1% (ATM 80.6% + spread 12.8% + bias) — expensive

<3.0%

Total drag 18.02% (spread 12.76% + slippage 5.26%) — high friction

≥5.0

Vega efficiency 7.03 (vega 8.969 / spread 12.76%) — efficient

Sentiment

Bullish or bearish?

6.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -3%, Raw: -10%)
|net sentiment| ≥25%

Conviction-weighted: -3% (neutral) — Raw: -10%

≥15%

|OI skew| 52.8% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +39.6%, OI skew +52.8% — 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: +4%, ATM: +14%, OTM: -20% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 17% — very bullish vs sector

Activity

Unusual activity?

5.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 1.8x avg — elevated

≥15%

Vol/OI 16.8% — high turnover

≥2 days

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

≥5%

OI change +9.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 90% — very active vs sector

≥30%

Large trade volume 18% — mixed

≥60%

Aggressive execution 15% — patient

≥30

Conviction -3 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.7
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 12.8% — wide

≥10,000

OI 111,335 — deep

≥500

Volume 18,722/day — active

≤$0.50

$0.64 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 96% — much wider than sector

≥100 contracts

Depth 178.9 contracts (bid:91.4 ask:87.5) — adequate

<1.0%

Avg slippage 5.26% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -10.9% — contango

<30 or >70

IV percentile 93% — seller opportunity

≥10pts kink

IV kink -3.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 65.42 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -3% @ 52% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.5
bullishIV fair, bullish flow
Long Puts4.8
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, bullish flow
Covered Call4.6
bearishIV fair, 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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