Options/ALL

ALLThe Allstate Corporation

Options Analysis Report•FIRE, MARINE & CASUALTY INSURANCE

Market Cap $65.9B|NYSE

● 2026-08-31$260.58

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +28.1%YTD +27.8%7D +0.1%

Options Vol

5,193

30D

Implied Move

±6.7%

IV Rank

26%

ALL Options Overview

bullish flow with unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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ALL Gamma Walls

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Value

Is IV priced right?

6.9

ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 32.9% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 62% — above sector median

Term Structure

<1.1x

Front/Back 0.87x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 26.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 38.4% (ATM 26.2% + spread 6.1% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 11.40% (spread 6.10% + slippage 5.30%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 103.84 (vega 63.341 / spread 6.10%) — efficient

Sentiment

Bullish or bearish?

2.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -85%, Raw: -82%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -85% (strong bearish) — Raw: -82%

OI Skew Magnitude

≥15%

|OI skew| 17.6% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +98.1%, OI skew -17.6% — divergent (opposite)

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -89%, ATM: +39%, OTM: -2% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 0% — very bullish vs sector

Activity

Unusual activity?

7.1

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed

Volume Surge

≥1.5x

Volume 2.6x avg — hot

Turnover Rate

≥15%

Vol/OI 15.3% — high turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +4.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 96% — very active vs sector

Trade Quality

≥30%

Large trade volume 70% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 22% — patient

Flow Conviction

≥30

Conviction -85 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

4.5

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 6.1% — wide

Adequate OI

≥10,000

OI 33,914 — adequate

Active Volume

≥500

Volume 5,193/day — active

Reasonable Cost

≤$0.50

$0.30 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 63% — wider than sector

Order Book Depth

≥100 contracts

Depth 36.0 contracts (bid:15.2 ask:20.8) — thin

Execution Quality

<1.0%

Avg slippage 5.30% — poor

Timing

Is now a good time?

7.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -12.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 33% — neutral

Event Detection

≥10pts kink

IV kink -2.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 967.03 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -85% @ 92% consistency — STRONG directional (bearish)

Smart Money Timing

≥40 composite score

Score 100 (ITM 20% + inst 70%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.2

bullishIV cheap, bearish flow

Long Puts6.8

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put3.9

bullishIV too cheap, bearish flow

Covered Call5.6

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.

More on ALL

ALL gamma walls ALL max pain ALL IV rank ALL options flow