Options/AU

AUAngloGold Ashanti plc

Options Analysis Report

Market Cap $57.2B|NYSE

● 2026-08-31$113.19

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +94.7%YTD +32.2%7D -6.0%

Options Vol

5,051

30D

Implied Move

±15.6%

IV Rank

21%

AU Options Overview

IV is elevated with bullish flow and unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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AU Gamma Walls

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Value

Is IV priced right?

6.1

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 80.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.83x — IV ≤ HV

Sector Relative≤50%

Sector percentile 75% — above sector median

Term Structure

<1.1x

Front/Back 0.96x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 55.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 80.2% (ATM 55.7% + spread 12.3% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 17.30% (spread 12.26% + slippage 5.04%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 22.39 (vega 27.445 / spread 12.26%) — efficient

Sentiment

Bullish or bearish?

7.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +57%, Raw: +30%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +57% (strong bullish) — Raw: +30%

OI Skew Magnitude

≥15%

|OI skew| 29.1% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +30.5%, OI skew -29.1% — 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: +63%, ATM: +69%, OTM: -1% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 55% — neutral vs sector

Activity

Unusual activity?

5.2

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 0.9x avg — normal

Turnover Rate

≥15%

Vol/OI 6.0% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +6.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 84% — very active vs sector

Trade Quality

≥30%

Large trade volume 59% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction +57 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

3.5

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 12.3% — wide

Adequate OI

≥10,000

OI 84,693 — deep

Active Volume

≥500

Volume 5,051/day — active

Reasonable Cost

≤$0.50

$0.61 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 86% — much wider than sector

Order Book Depth

≥100 contracts

Depth 84.30000000000001 contracts (bid:43.2 ask:41.1) — thin

Execution Quality

<1.0%

Avg slippage 5.04% — 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 -3.6% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 81% — seller opportunity

Event Detection

≥10pts kink

IV kink -1.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 481.48 — 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 +57% @ 79% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 89 (ITM 20% + inst 59%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.5

bullishIV cheap, bullish flow

Long Puts4.7

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.7

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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