Options/ESI

ESIElement Solutions Inc.

Options Analysis Report•MISCELLANEOUS CHEMICAL PRODUCTS

Market Cap $8.5B|NYSE

● 2026-08-28$34.93

NEUTRAL

Analysis: 2026-08-27 EOD data

1Y +37.3%YTD +34.7%7D -0.1%

Options Vol

9,243

30D

Implied Move

±8.6%

IV Rank

26%

ESI Options Overview

unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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ESI Gamma Walls

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Value

Is IV priced right?

4.7

ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 68.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.35x — IV premium over HV

Sector Relative≤50%

Sector percentile 48% — below sector median

Term Structure

<1.1x

Front/Back 0.95x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 45.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 135.6% (ATM 45.7% + spread 45.0% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 66.27% (spread 44.96% + slippage 21.31%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 1.75 (vega 7.882 / spread 44.96%) — spread drag

Sentiment

Bullish or bearish?

4.1

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -58%, Raw: -66%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -58% (strong bearish) — Raw: -66%

OI Skew Magnitude

≥15%

|OI skew| 87.2% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +2.2%, OI skew +87.2% — weak (same direction)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +0%, ATM: -33%, OTM: -100% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 69% — bearish vs sector

Activity

Unusual activity?

7.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed

Volume Surge

≥1.5x

Volume 6.7x avg — hot

Turnover Rate

≥15%

Vol/OI 110.7% — high turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -74.2% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 99% — very active vs sector

Trade Quality

≥30%

Large trade volume 100% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 33% — patient

Flow Conviction

≥30

Conviction -58 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.2

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 45.0% — wide

Adequate OI

≥10,000

OI 8,350 — thin

Active Volume

≥500

Volume 9,243/day — active

Reasonable Cost

≤$0.50

$2.25 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 70% — wider than sector

Order Book Depth

≥100 contracts

Depth 90.0 contracts (bid:37.4 ask:52.6) — thin

Execution Quality

<1.0%

Avg slippage 21.31% — poor

Timing

Is now a good time?

7.8

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -5.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 69% — neutral

Event Detection

≥10pts kink

IV kink -2.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 486.56 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -58% @ 79% consistency — STRONG directional (bearish)

Smart Money Timing

≥40 composite score

Score 130 (ITM 20% + inst 100%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.7

bullishIV fair, mixed flow

Long Puts5.3

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put4.8

bullishIV fair, mixed flow

Covered Call5.5

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.

More on ESI

ESI gamma walls ESI max pain ESI IV rank ESI options flow