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DNOWDNOW Inc.

Options Analysis Report•OIL & GAS FIELD MACHINERY & EQUIPMENT
Market Cap $2.9B|NYSE
● 2026-08-31$15.93
BULLISH
Analysis: 2026-08-28 EOD data
1Y +1.0%YTD +19.2%7D +3.0%
75
30D
±8.6%
1%

DNOW Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.1VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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DNOW Gamma Walls

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Value

Is IV priced right?

7.2
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 52.6% — elevated vs history

<1.05x

IV/HV 0.76x — IV ≤ HV

Sector Relative≤50%

Sector percentile 39% — below sector median

<1.1x

Front/Back 0.82x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 33.6% — normal range

<80%

Effective IV 106.0% (ATM 33.6% + spread 36.2% + bias) — expensive

<3.0%

Total drag 48.72% (spread 36.21% + slippage 12.51%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 36.21%) — spread drag

Sentiment

Bullish or bearish?

6.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +39%, Raw: +33%)
|net sentiment| ≥25%

Conviction-weighted: +39% (strong bullish) — Raw: +33%

≥15%

|OI skew| 87.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -1.3%, OI skew +87.1% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +74%, ATM: +17%, OTM: -20% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 83% — very bearish vs sector

Activity

Unusual activity?

2.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.4% — normal turnover

≥2 days

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

≥5%

OI change +2.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 22% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 60% — urgent

≥30

Conviction +39 (bullish) — moderate

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 36.2% — wide

≥10,000

OI 17,239 — adequate

≥500

Volume 75/day — thin

≤$0.50

$1.81 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 62% — wider than sector

≥100 contracts

Depth 204.60000000000002 contracts (bid:93.4 ask:111.2) — adequate

<1.0%

Avg slippage 12.51% — poor

Timing

Is now a good time?

6.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -18.3% — contango

<30 or >70

IV percentile 53% — neutral

≥10pts kink

IV kink -4.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +39% @ 70% consistency — moderate (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV cheap, mixed flow
Long Puts5.3
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call3.8
bearishIV too cheap, mixed 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 DNOW

DNOW gamma wallsDNOW max painDNOW IV rankDNOW options flow