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EIXEdison International

Options Analysis Report•ELECTRIC SERVICES
Market Cap $27.0B|NYSE
● 2026-08-31$70.17
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +25.8%YTD +15.2%7D -5.1%
17,368
30D
±12.4%
43%

EIX Options Overview

IV is elevated with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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EIX Gamma Walls

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Value

Is IV priced right?

4.3
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 70.5% — elevated vs history

<1.05x

IV/HV 0.92x — IV ≤ HV

Sector Relative≤50%

Sector percentile 79% — above sector median

<1.1x

Front/Back 1.35x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 35.1% — normal range

<80%

Effective IV 78.7% (ATM 35.1% + spread 21.8% + bias) — fair

<3.0%

Total drag 26.92% (spread 21.82% + slippage 5.10%) — high friction

≥5.0

Vega efficiency 4.65 (vega 10.151 / spread 21.82%) — spread drag

Sentiment

Bullish or bearish?

4.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -18%, Raw: -23%)
|net sentiment| ≥25%

Conviction-weighted: -18% (bearish) — Raw: -23%

≥15%

|OI skew| 18.0% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew +1.4%, OI skew -18.0% — 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: +4%, ATM: +43%, OTM: -42% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 71% — very bearish vs sector

Activity

Unusual activity?

6.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 1.9x avg — elevated

≥15%

Vol/OI 13.3% — normal turnover

≥2 days

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

≥5%

OI change +15.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 94% — very active vs sector

≥30%

Large trade volume 50% — heavy institutional

≥60%

Aggressive execution 22% — patient

≥30

Conviction -18 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.4
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 21.8% — wide

≥10,000

OI 130,747 — deep

≥500

Volume 17,368/day — active

≤$0.50

$1.09 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 81% — much wider than sector

≥100 contracts

Depth 89.8 contracts (bid:44.9 ask:44.9) — thin

<1.0%

Avg slippage 5.10% — 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 +34.8% — backwardation

<30 or >70

IV percentile 70% — seller opportunity

≥10pts kink

IV kink 8.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 278.10 — 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 -18% @ 59% consistency — unclear

≥40 composite score

Score 80 (ITM 20% + inst 50%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls4.8
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.6
bearishIV fair, 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.

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