AInvestOption Pilot Program
Options/BIB
B

BIBProShares Ultra NASDAQ Biotechnology

Options Analysis Report
AUM $101M|NASDAQ
● 2026-08-28$116.39
BULLISH
Analysis: 2026-08-27 EOD data
1Y +103.0%YTD +46.1%7D -3.7%
27
30D
±12.5%
5%

BIB Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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BIB Gamma Walls

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Value

Is IV priced right?

5.6
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 68.5% — elevated vs history

<1.05x

IV/HV 0.79x — IV ≤ HV

Sector Relative≤50%

Sector percentile 82% — above sector median

<1.1x

Front/Back 0.90x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 45.4% — normal range

<80%

Effective IV 120.5% (ATM 45.4% + spread 37.5% + bias) — expensive

<3.0%

Total drag 45.14% (spread 37.55% + slippage 7.59%) — high friction

≥5.0

Vega efficiency 3.21 (vega 12.049 / spread 37.55%) — spread drag

Sentiment

Bullish or bearish?

6.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +64%, Raw: +75%)
|net sentiment| ≥25%

Conviction-weighted: +64% (strong bullish) — Raw: +75%

≥15%

|OI skew| 61.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -48.1%, OI skew +61.0% — divergent (opposite)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -100%, ATM: +75%, OTM: +87% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 95% — very bearish vs sector

Activity

Unusual activity?

4.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.1x avg — normal

≥15%

Vol/OI 6.4% — normal turnover

≥2 days

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

≥5%

OI change -9.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 75% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 9% — patient

≥30

Conviction +64 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

2.2
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 37.5% — wide

≥10,000

OI 420 — thin

≥500

Volume 27/day — thin

≤$0.50

$1.88 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 87% — much wider than sector

≥100 contracts

Depth 60.8 contracts (bid:35.8 ask:25.0) — thin

<1.0%

Avg slippage 7.59% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -9.9% — contango

<30 or >70

IV percentile 68% — neutral

≥10pts kink

IV kink -2.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 94.88 — 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 +64% @ 82% consistency — STRONG directional (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.7
bullishIV fair, bullish flow
Long Puts4.6
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put4.9
bullishIV fair, bullish flow
Covered Call4.1
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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