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CHATRoundhill Generative AI & Technology ETF

Options Analysis Report
AUM $1.8B|ARCX
● 2026-08-31$87.04
BULLISH
Analysis: 2026-08-28 EOD data
1Y +64.4%YTD +44.1%7D +1.7%
155
30D
±9.3%
8%

CHAT Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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CHAT Gamma Walls

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Value

Is IV priced right?

6.7
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 52.9% — elevated vs history

<1.05x

IV/HV 0.79x — IV ≤ HV

Sector Relative≤50%

Sector percentile 72% — above sector median

<1.1x

Front/Back 0.91x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 33.7% — normal range

<80%

Effective IV 86.6% (ATM 33.7% + spread 26.4% + bias) — expensive

<3.0%

Total drag 32.79% (spread 26.44% + slippage 6.35%) — high friction

≥5.0

Vega efficiency 7.19 (vega 19.014 / spread 26.44%) — efficient

Sentiment

Bullish or bearish?

6.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +47%, Raw: +48%)
|net sentiment| ≥25%

Conviction-weighted: +47% (strong bullish) — Raw: +48%

≥15%

|OI skew| 45.8% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -18.7%, OI skew +45.8% — 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: -33%, ATM: +54%, OTM: +50% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 90% — very bearish vs sector

Activity

Unusual activity?

3.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 2.2% — normal turnover

≥2 days

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

≥5%

OI change +10.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 50% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 18% — patient

≥30

Conviction +47 (bullish) — moderate

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 26.4% — wide

≥10,000

OI 6,943 — thin

≥500

Volume 155/day — thin

≤$0.50

$1.32 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 79% — wider than sector

≥100 contracts

Depth 112.9 contracts (bid:54.8 ask:58.1) — adequate

<1.0%

Avg slippage 6.35% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -8.7% — contango

<30 or >70

IV percentile 53% — neutral

≥10pts kink

IV kink -1.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 499.07 — 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 +47% @ 73% consistency — STRONG directional (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts5.1
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.7
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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