AInvestOption Pilot Program
Options/DK
DK logo

DKDelek US Holdings, Inc.

Options Analysis Report•PETROLEUM REFINING
Market Cap $4.4B|NYSE
● 2026-08-31$72.25
BULLISH
Analysis: 2026-08-28 EOD data
1Y +133.1%YTD +142.6%7D +6.1%
8,277
30D
±20.4%
29%

DK Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
Loading score history...

DK 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
≤35%

IV Rank 86.6% — elevated vs history

<1.05x

IV/HV 0.89x — IV ≤ HV

Sector Relative≤50%

Sector percentile 88% — above sector median

<1.1x

Front/Back 1.09x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 65.2% — normal range

<80%

Effective IV 91.9% (ATM 65.2% + spread 13.3% + bias) — expensive

<3.0%

Total drag 20.40% (spread 13.33% + slippage 7.07%) — high friction

≥5.0

Vega efficiency 5.17 (vega 6.887 / spread 13.33%) — acceptable

Sentiment

Bullish or bearish?

6.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -5%, Raw: +5%)
|net sentiment| ≥25%

Conviction-weighted: -5% (neutral) — Raw: +5%

≥15%

|OI skew| 69.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +86.1%, OI skew +69.9% — 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: +8%, ATM: -83%, OTM: +93% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 16% — very bullish vs sector

Activity

Unusual activity?

7.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 3.8x avg — hot

≥15%

Vol/OI 44.4% — high turnover

≥2 days

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

≥5%

OI change +18.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 99% — very active vs sector

≥30%

Large trade volume 87% — heavy institutional

≥60%

Aggressive execution 31% — patient

≥30

Conviction -5 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.4
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 13.3% — wide

≥10,000

OI 18,627 — adequate

≥500

Volume 8,277/day — active

≤$0.50

$0.67 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 92% — much wider than sector

≥100 contracts

Depth 100.9 contracts (bid:57.7 ask:43.2) — adequate

<1.0%

Avg slippage 7.07% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope +8.9% — backwardation

<30 or >70

IV percentile 87% — seller opportunity

≥10pts kink

IV kink 4.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 58.27 — favors income trades

≥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 -5% @ 52% consistency — unclear

≥40 composite score

Score 117 (ITM 20% + inst 87%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.5
bullishIV fair, bullish flow
Long Puts4.5
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, bullish flow
Covered Call4.6
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 DK

DK gamma wallsDK max painDK IV rankDK options flow