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CHGGCHEGG, INC.

Options Analysis Report•SERVICES-EDUCATIONAL SERVICES
Market Cap $93M|NYSE
● 2026-08-31$0.84
VERY BULLISH
Analysis: 2026-08-28 EOD data
1Y -37.9%YTD -13.9%7D +5.5%
885
30D
±8.6%
50%

CHGG Options Overview

bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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CHGG Gamma Walls

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Value

Is IV priced right?

5.7
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 50.0% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

<1.1x

Front/Back 1.00x — flat

<1.25x

Put/Call IV 1.00x — normal

<80%

ATM IV 0.0% — normal range

<80%

Effective IV 87.2% (ATM 0.0% + spread 43.6% + bias) — expensive

<3.0%

Total drag 58.08% (spread 43.58% + slippage 14.50%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 43.58%) — spread drag

Sentiment

Bullish or bearish?

9.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +78%, Raw: +74%)
|net sentiment| ≥25%

Conviction-weighted: +78% (strong bullish) — Raw: +74%

≥15%

|OI skew| 88.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +76.3%, OI skew +88.0% — 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: -60%, ATM: +0%, OTM: +78% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

4.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.5x avg — normal

≥15%

Vol/OI 0.9% — normal turnover

≥2 days

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

≥5%

OI change +3.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 26% — below sector avg

≥30%

Large trade volume 49% — institutional presence

≥60%

Aggressive execution 67% — urgent

≥30

Conviction +78 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

3.6
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 43.6% — wide

≥10,000

OI 93,225 — deep

≥500

Volume 885/day — adequate

≤$0.50

$2.18 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

≥100 contracts

Depth 1,040.5 contracts (bid:715.9 ask:324.6) — deep

<1.0%

Avg slippage 14.50% — poor

Timing

Is now a good time?

6.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope +0.0% — flat/unclear

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink 0.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +78% @ 89% consistency — STRONG directional (bullish)

≥40 composite score

Score 79 (ITM 20% + inst 49%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.7
bullishIV fair, bullish flow
Long Puts3.8
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put6.2
bullishIV fair, bullish flow
Covered Call3.2
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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