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D

DLLLGraniteShares 2x Long DELL Daily ETF

Options Analysis Report
AUM $140M|NASDAQ
● 2026-08-31$25.16
BULLISH
Analysis: 2026-08-28 EOD data
1Y +769.5%YTD +754.8%7D +2.7%
493
30D
±42.7%
49%

DLLL Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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DLLL Gamma Walls

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Value

Is IV priced right?

2.8
ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed
≤35%

IV Rank 98.7% — elevated vs history

<1.05x

IV/HV 0.99x — IV ≤ HV

Sector Relative≤50%

Sector percentile 99% — above sector median

<1.1x

Front/Back 1.11x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 136.0% — crisis-level IV

<80%

Effective IV 176.1% (ATM 136.0% + spread 20.1% + bias) — expensive

<3.0%

Total drag 24.30% (spread 20.07% + slippage 4.23%) — high friction

≥5.0

Vega efficiency 1.18 (vega 2.360 / spread 20.07%) — spread drag

Sentiment

Bullish or bearish?

6.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +13%, Raw: +1%)
|net sentiment| ≥25%

Conviction-weighted: +13% (bullish) — Raw: +1%

≥15%

|OI skew| 83.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +12.4%, OI skew +83.0% — 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: -19%, ATM: +53%, OTM: -8% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 25% — very bullish vs sector

Activity

Unusual activity?

2.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 1.6% — normal turnover

≥2 days

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

≥5%

OI change +3.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 41% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 16% — patient

≥30

Conviction +13 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 20.1% — wide

≥10,000

OI 30,510 — adequate

≥500

Volume 493/day — thin

≤$0.50

$1.00 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

≥100 contracts

Depth 1,286.4 contracts (bid:699.6 ask:586.8) — deep

<1.0%

Avg slippage 4.23% — poor

Timing

Is now a good time?

8.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +11.1% — backwardation

<30 or >70

IV percentile 99% — seller opportunity

≥10pts kink

IV kink 14.8pts — event priced

<0.5 or >2.0

θ/ν ratio 28.61 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +13% @ 57% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.8
bullishIV expensive, bullish flow
Long Puts4.0
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.0
bullishIV rich premium, bullish flow
Covered Call5.3
bearishIV rich premium, 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 DLLL

DLLL gamma wallsDLLL max painDLLL IV rankDLLL options flow