Options/CNTA

CNTA

Options Analysis Report

Market Cap: --

● 2026-06-24$40.50

BULLISH

Analysis: 2026-06-23 EOD data

1Y +134.5%YTD +71.0%7D +0.0%

Options Vol

3,896

30D

Implied Move

±15.7%

IV Rank

11%

CNTA Options Overview

bullish flow with unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

Loading score history...

CNTA Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

6.1

ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 37.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 7.07x — IV premium over HV

Sector Relative≤50%

Sector percentile 9% — below sector median

Term Structure

<1.1x

Front/Back 2.31x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 29.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 52.8% (ATM 29.9% + spread 11.5% + bias) — good value

Execution Efficiency

<3.0%

Total drag 21.44% (spread 11.46% + slippage 9.98%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 11.46%) — spread drag

Sentiment

Bullish or bearish?

7.4

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +52%, Raw: +46%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +52% (strong bullish) — Raw: +46%

OI Skew Magnitude

≥15%

|OI skew| 92.1% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +64.8%, OI skew -92.1% — 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: +55%, ATM: +18%, OTM: +0% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 40% — bullish vs sector

Activity

Unusual activity?

6.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks6/9 checks passed

Volume Surge

≥1.5x

Volume 4.3x avg — hot

Turnover Rate

≥15%

Vol/OI 8.8% — normal turnover

Strike Concentration

≥60%

Top 3 strikes = 50% — dispersed

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change -7.4% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 85% — very active vs sector

Trade Quality

≥30%

Large trade volume 41% — institutional presence

Execution Urgency

≥60%

Aggressive execution 78% — urgent

Flow Conviction

≥30

Conviction +52 (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 11.5% — wide

Adequate OI

≥10,000

OI 44,100 — adequate

Active Volume

≥500

Volume 3,896/day — adequate

Reasonable Cost

≤$0.50

$0.57 to cross — expensive

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 49.0 contracts (bid:35.1 ask:13.9) — thin

Execution Quality

<1.0%

Avg slippage 9.98% — poor

Timing

Is now a good time?

7.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +130.7% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 37% — neutral

Event Detection

≥10pts kink

IV kink 24.6pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

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 +52% @ 76% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 71 (ITM 20% + inst 41%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls7.0

bullishIV cheap, bullish flow

Long Puts4.7

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put5.6

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.

More on CNTA

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