AInvestOption Pilot Program
Options/HDV
H

HDViShares Core High Dividend ETF

Options Analysis Report
AUM $15.4B|ARCX
● 2026-08-31$29.44
BULLISH
Analysis: 2026-08-28 EOD data
1Y +19.4%YTD +20.4%7D -1.6%
67
30D
±3.3%
4%

HDV Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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HDV Gamma Walls

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Value

Is IV priced right?

6.8
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 7.3% — cheap vs history

<1.05x

IV/HV 1.52x — IV premium over HV

Sector Relative≤50%

Sector percentile 13% — below sector median

<1.1x

Front/Back 0.79x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 14.2% — normal range

<80%

Effective IV 120.5% (ATM 14.2% + spread 53.1% + bias) — expensive

<3.0%

Total drag 70.78% (spread 53.14% + slippage 17.64%) — high friction

≥5.0

Vega efficiency 1.42 (vega 7.569 / spread 53.14%) — spread drag

Sentiment

Bullish or bearish?

4.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -58%, Raw: -59%)
|net sentiment| ≥25%

Conviction-weighted: -58% (strong bearish) — Raw: -59%

≥15%

|OI skew| 86.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +85.1%, OI skew +86.2% — 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: +0%, ATM: -61%, OTM: +0% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 5% — very bullish vs sector

Activity

Unusual activity?

3.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 1.2% — normal turnover

≥2 days

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

≥5%

OI change +46.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 36% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 40% — patient

≥30

Conviction -58 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.1
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 53.1% — wide

≥10,000

OI 5,349 — thin

≥500

Volume 67/day — thin

≤$0.50

$2.66 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 34% — tighter than sector

≥100 contracts

Depth 155.0 contracts (bid:65.2 ask:89.8) — adequate

<1.0%

Avg slippage 17.64% — poor

Timing

Is now a good time?

7.4
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -21.1% — contango

<30 or >70

IV percentile 7% — buyer opportunity

≥10pts kink

IV kink -2.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 1940.79 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

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

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.4
bullishIV cheap, mixed flow
Long Puts5.9
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call4.6
bearishIV too cheap, 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 HDV

HDV gamma wallsHDV max painHDV IV rankHDV options flow