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EOGEOG Resources, Inc.

Options Analysis Report•CRUDE PETROLEUM & NATURAL GAS
Market Cap $75.2B|NYSE
● 2026-08-31$143.35
BULLISH
Analysis: 2026-08-28 EOD data
1Y +13.7%YTD +33.6%7D -4.6%
932
30D
±8.5%
13%

EOG Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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EOG Gamma Walls

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Value

Is IV priced right?

8.1
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 49.5% — elevated vs history

<1.05x

IV/HV 0.79x — IV ≤ HV

Sector Relative≤50%

Sector percentile 38% — below sector median

<1.1x

Front/Back 0.96x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 30.1% — normal range

<80%

Effective IV 56.7% (ATM 30.1% + spread 13.3% + bias) — good value

<3.0%

Total drag 19.62% (spread 13.31% + slippage 6.31%) — high friction

≥5.0

Vega efficiency 12.75 (vega 16.969 / spread 13.31%) — efficient

Sentiment

Bullish or bearish?

6.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +26%, Raw: +23%)
|net sentiment| ≥25%

Conviction-weighted: +26% (bullish) — Raw: +23%

≥15%

|OI skew| 28.4% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +15.2%, OI skew +28.4% — 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: -7%, ATM: +14%, OTM: +29% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 82% — very bearish vs sector

Activity

Unusual activity?

2.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.8% — normal turnover

≥2 days

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

≥5%

OI change +6.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 0% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 34% — patient

≥30

Conviction +26 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.9
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 13.3% — wide

≥10,000

OI 118,277 — deep

≥500

Volume 932/day — adequate

≤$0.50

$0.67 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 41% — neutral vs sector

≥100 contracts

Depth 138.3 contracts (bid:68.8 ask:69.5) — adequate

<1.0%

Avg slippage 6.31% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -4.2% — flat/unclear

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink -0.5pts — no clear event

<0.5 or >2.0

θ/ν ratio 182.27 — favors income trades

≥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 +26% @ 63% consistency — moderate (bullish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.5
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.7
bullishIV too cheap, bullish flow
Covered Call3.5
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.

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