Options/DINO

DINOHF Sinclair Corporation

Options Analysis Report•PIPE LINES (NO NATURAL GAS)

Market Cap $17.7B|NYSE

● 2026-08-31$99.71

BULLISH

Analysis: 2026-08-28 EOD data

1Y +91.5%YTD +112.8%7D +4.8%

Options Vol

7,928

30D

Implied Move

±13.8%

IV Rank

52%

DINO Options Overview

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

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

Loading score history...

DINO Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

4.8

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 74.5% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.06x — IV premium over HV

Sector Relative≤50%

Sector percentile 76% — above sector median

Term Structure

<1.1x

Front/Back 0.98x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 48.6% — normal range

Spread-Adjusted Value

<80%

Effective IV 62.3% (ATM 48.6% + spread 6.9% + bias) — good value

Execution Efficiency

<3.0%

Total drag 9.06% (spread 6.86% + slippage 2.20%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 35.17 (vega 24.126 / spread 6.86%) — efficient

Sentiment

Bullish or bearish?

6.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -11%, Raw: -5%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -11% (bearish) — Raw: -5%

OI Skew Magnitude

≥15%

|OI skew| 36.8% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +77.6%, OI skew +36.8% — aligned

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: -37%, ATM: -41%, OTM: +22% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 21% — very bullish vs sector

Activity

Unusual activity?

4.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 1.3x avg — normal

Turnover Rate

≥15%

Vol/OI 8.3% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +3.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 93% — very active vs sector

Trade Quality

≥30%

Large trade volume 13% — mostly retail

Execution Urgency

≥60%

Aggressive execution 53% — patient

Flow Conviction

≥30

Conviction -11 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.6

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 6.9% — wide

Adequate OI

≥10,000

OI 95,261 — deep

Active Volume

≥500

Volume 7,928/day — active

Reasonable Cost

≤$0.50

$0.34 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 85% — much wider than sector

Order Book Depth

≥100 contracts

Depth 194.4 contracts (bid:99.5 ask:94.9) — adequate

Execution Quality

<1.0%

Avg slippage 2.20% — poor

Timing

Is now a good time?

6.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -1.8% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 74% — seller opportunity

Event Detection

≥10pts kink

IV kink -0.5pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 545.83 — 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 -11% @ 55% consistency — unclear

Smart Money Timing

≥40 composite score

Score 43 (ITM 20% + inst 13%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls5.5

bullishIV fair, bullish flow

Long Puts4.7

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put5.6

bullishIV fair, bullish flow

Covered Call4.8

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.

More on DINO

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