Options/GORO

GOROGoldgroup Mining Inc.

Options Analysis Report

Market Cap $492M|XASE

● 2026-07-20$3.65

NEUTRAL

Analysis: 2026-07-17 EOD data

1Y +523.9%YTD +334.5%7D +3.4%

Options Vol

1,780

30D

Implied Move

±8.6%

IV Rank

90%

GORO Options Overview

IV is elevated with bullish flow and unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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GORO Gamma Walls

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Value

Is IV priced right?

2.6

ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 90.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.71x — IV ≤ HV

Sector Relative≤50%

Sector percentile 91% — above sector median

Term Structure

<1.1x

Front/Back 1.00x — flat

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 101.7% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 202.0% (ATM 101.7% + spread 50.2% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 72.38% (spread 50.16% + slippage 22.22%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.04 (vega 0.179 / spread 50.16%) — spread drag

Sentiment

Bullish or bearish?

4.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -23%, Raw: -13%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -23% (bearish) — Raw: -13%

OI Skew Magnitude

≥15%

|OI skew| 66.8% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -1.1%, OI skew +66.8% — divergent (opposite)

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: -49%, ATM: +0%, OTM: +29% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 77% — very bearish vs sector

Activity

Unusual activity?

6.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/9 checks passed

Volume Surge

≥1.5x

Volume 4.8x avg — hot

Turnover Rate

≥15%

Vol/OI 8.3% — normal turnover

Strike Concentration

≥60%

Top 3 strikes = 50% — dispersed

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +3.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 90% — very active vs sector

Trade Quality

≥30%

Large trade volume 29% — mixed

Execution Urgency

≥60%

Aggressive execution 87% — highly urgent

Flow Conviction

≥30

Conviction -23 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 50.2% — wide

Adequate OI

≥10,000

OI 21,432 — adequate

Active Volume

≥500

Volume 1,780/day — adequate

Reasonable Cost

≤$0.50

$2.51 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 95% — much wider than sector

Order Book Depth

≥100 contracts

Depth 468.0 contracts (bid:200.4 ask:267.6) — adequate

Execution Quality

<1.0%

Avg slippage 22.22% — poor

Timing

Is now a good time?

7.2

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +0.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 90% — seller opportunity

Event Detection

≥10pts kink

IV kink 20.0pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 597.00 — 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 -23% @ 62% consistency — unclear

Smart Money Timing

≥40 composite score

Score 59 (ITM 20% + inst 29%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls4.1

bullishIV expensive, mixed flow

Long Puts4.3

bearishIV expensive, mixed flow

Premium Sellers

Cash-Secured Put5.5

bullishIV rich premium, mixed flow

Covered Call5.7

bearishIV rich premium, 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 GORO

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