AInvestOption Pilot Program
Options/DPST
D

DPSTDirexion Daily Regional Banks Bull 3X ETF

Options Analysis Report
AUM $347M|ARCX
● 2026-08-31$134.52
BULLISH
Analysis: 2026-08-28 EOD data
1Y +23.4%YTD +30.8%7D -1.8%
1,806
30D
±16.9%
4%

DPST Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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DPST Gamma Walls

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Value

Is IV priced right?

4.6
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 84.0% — elevated vs history

<1.05x

IV/HV 1.54x — IV premium over HV

Sector Relative≤50%

Sector percentile 91% — above sector median

<1.1x

Front/Back 0.79x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 60.7% — normal range

<80%

Effective IV 93.2% (ATM 60.7% + spread 16.3% + bias) — expensive

<3.0%

Total drag 25.07% (spread 16.26% + slippage 8.81%) — high friction

≥5.0

Vega efficiency 7.81 (vega 12.695 / spread 16.26%) — efficient

Sentiment

Bullish or bearish?

6.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -6%, Raw: -4%)
|net sentiment| ≥25%

Conviction-weighted: -6% (neutral) — Raw: -4%

≥15%

|OI skew| 31.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +41.9%, OI skew +31.1% — 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: -2%, ATM: -11%, OTM: -0% — neutral (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 17% — very bullish vs sector

Activity

Unusual activity?

3.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.9x avg — normal

≥15%

Vol/OI 7.0% — normal turnover

≥2 days

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

≥5%

OI change +7.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 77% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 22% — patient

≥30

Conviction -6 (bearish) — 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 16.3% — wide

≥10,000

OI 25,603 — adequate

≥500

Volume 1,806/day — adequate

≤$0.50

$0.81 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 93% — much wider than sector

≥100 contracts

Depth 72.0 contracts (bid:39.5 ask:32.5) — thin

<1.0%

Avg slippage 8.81% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -21.5% — contango

<30 or >70

IV percentile 84% — seller opportunity

≥10pts kink

IV kink -9.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 66.96 — 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 -6% @ 53% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.2
bullishIV fair, bullish flow
Long Puts4.4
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, bullish flow
Covered Call4.5
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.

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