AInvestOption Pilot Program
Options/EWY
E

EWYiShares MSCI South Korea ETF

Options Analysis Report
AUM $27.4B|ARCX
● 2026-08-28$180.20
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y +149.4%YTD +76.3%7D +1.0%
88,413
30D
±12.8%
18%

EWY Options Overview

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

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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EWY Gamma Walls

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Value

Is IV priced right?

5.8
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 70.7% — elevated vs history

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 83% — above sector median

<1.1x

Front/Back 0.95x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 47.5% — normal range

<80%

Effective IV 60.3% (ATM 47.5% + spread 6.4% + bias) — good value

<3.0%

Total drag 9.22% (spread 6.40% + slippage 2.82%) — high friction

≥5.0

Vega efficiency 38.12 (vega 24.398 / spread 6.40%) — efficient

Sentiment

Bullish or bearish?

6.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -2%, Raw: -18%)
|net sentiment| ≥25%

Conviction-weighted: -2% (neutral) — Raw: -18%

≥15%

|OI skew| 9.6% — balanced

Same sign, |vol skew| ≥10%

Vol skew +31.8%, OI skew +9.6% — aligned

≥2/3 conditions

0-DTE 9%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -0%, ATM: +30%, OTM: -35% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 22% — very bullish vs sector

Activity

Unusual activity?

3.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.9x avg — normal

≥15%

Vol/OI 7.8% — normal turnover

≥2 days

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

≥5%

OI change -24.9% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 78% — active vs sector

≥30%

Large trade volume 66% — heavy institutional

≥60%

Aggressive execution 19% — patient

≥30

Conviction -2 (bearish) — mixed

Liquidity

Can I trade efficiently?

5.6
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 6.4% — wide

≥10,000

OI 1,140,165 — deep

≥500

Volume 88,413/day — active

≤$0.50

$0.32 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 87% — much wider than sector

≥100 contracts

Depth 401.5 contracts (bid:209.3 ask:192.2) — adequate

<1.0%

Avg slippage 2.82% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -5.1% — contango

<30 or >70

IV percentile 71% — seller opportunity

≥10pts kink

IV kink -0.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 185.53 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -2% @ 51% consistency — unclear

≥40 composite score

Score 96 (ITM 20% + inst 66%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.2
bullishIV fair, bullish flow
Long Puts5.2
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, bullish flow
Covered Call4.7
bearishIV fair, 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.