AInvestOption Pilot Program
Options/DVY
D

DVYiShares Select Dividend ETF

Options Analysis Report
AUM $23.8B|NASDAQ
● 2026-08-28$163.80
VERY BULLISH
Analysis: 2026-08-27 EOD data
1Y +16.1%YTD +14.8%7D -0.5%
302
30D
±4.2%
9%

DVY Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

6.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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DVY Gamma Walls

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Value

Is IV priced right?

7.9
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 5.5% — cheap vs history

<1.05x

IV/HV 1.49x — IV premium over HV

Sector Relative≤50%

Sector percentile 10% — below sector median

<1.1x

Front/Back 1.05x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 13.3% — normal range

<80%

Effective IV 75.1% (ATM 13.3% + spread 30.9% + bias) — fair

<3.0%

Total drag 39.27% (spread 30.91% + slippage 8.36%) — high friction

≥5.0

Vega efficiency 11.27 (vega 34.844 / spread 30.91%) — efficient

Sentiment

Bullish or bearish?

9.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +77%, Raw: +77%)
|net sentiment| ≥25%

Conviction-weighted: +77% (strong bullish) — Raw: +77%

≥15%

|OI skew| 50.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +90.7%, OI skew +50.3% — 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: +100%, ATM: +78%, OTM: +41% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 3% — very bullish vs sector

Activity

Unusual activity?

4.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.2x avg — normal

≥15%

Vol/OI 1.8% — normal turnover

≥2 days

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

≥5%

OI change -14.0% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 41% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 63% — urgent

≥30

Conviction +77 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

3.3
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 30.9% — wide

≥10,000

OI 16,498 — adequate

≥500

Volume 302/day — thin

≤$0.50

$1.55 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 32% — tighter than sector

≥100 contracts

Depth 48.7 contracts (bid:19.7 ask:29.0) — thin

<1.0%

Avg slippage 8.36% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope +5.0% — flat/unclear

<30 or >70

IV percentile 6% — buyer opportunity

≥10pts kink

IV kink 1.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 1759.81 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +77% @ 88% consistency — STRONG directional (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls8.2
bullishIV cheap, bullish flow
Long Puts4.7
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV too cheap, bullish flow
Covered Call2.7
bearishIV too cheap, 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 DVY

DVY gamma wallsDVY max painDVY IV rankDVY options flow