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ECPGEncore Capital Group, Inc.

Options Analysis Report•SHORT-TERM BUSINESS CREDIT INSTITUTIONS
Market Cap $2.1B|NASDAQ
● 2026-08-31$98.94
BEARISH
Analysis: 2026-08-28 EOD data
1Y +136.9%YTD +77.0%7D -4.1%
5
30D
±10.9%
3%

ECPG Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

3.7VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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ECPG Gamma Walls

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Value

Is IV priced right?

5.3
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 63.7% — elevated vs history

<1.05x

IV/HV 0.86x — IV ≤ HV

Sector Relative≤50%

Sector percentile 79% — above sector median

<1.1x

Front/Back 0.90x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 40.0% — normal range

<80%

Effective IV 246.5% (ATM 40.0% + spread 103.3% + bias) — expensive

<3.0%

Total drag 105.71% (spread 103.27% + slippage 2.44%) — high friction

≥5.0

Vega efficiency 0.89 (vega 9.209 / spread 103.27%) — spread drag

Sentiment

Bullish or bearish?

2.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -36%, Raw: -33%)
|net sentiment| ≥25%

Conviction-weighted: -36% (strong bearish) — Raw: -33%

≥15%

|OI skew| 25.8% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -60.0%, OI skew -25.8% — 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: +0%, ATM: +0%, OTM: -33% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 96% — very bearish vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.3% — normal turnover

≥2 days

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

≥5%

OI change +0.7% (5d) — stable

Sector Relative≥60%

Sector activity percentile 10% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -36 (bearish) — moderate

Liquidity

Can I trade efficiently?

2.0
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 103.3% — wide

≥10,000

OI 1,943 — thin

≥500

Volume 5/day — thin

≤$0.50

$5.16 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 84% — much wider than sector

≥100 contracts

Depth 27.5 contracts (bid:11.5 ask:16.0) — thin

<1.0%

Avg slippage 2.44% — 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 -9.9% — contango

<30 or >70

IV percentile 64% — neutral

≥10pts kink

IV kink -1.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 99.34 — 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 -36% @ 50% consistency — moderate (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls3.9
bullishIV fair, bearish flow
Long Puts6.9
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.6
bullishIV fair, bearish flow
Covered Call5.5
bearishIV fair, bearish 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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