AInvestOption Pilot Program
Options/HOOY
H

HOOYYieldMax HOOD Option Income Strategy ETF

Options Analysis Report
Market Cap: --|ARCX
● 2026-08-31$27.00
BEARISH
Analysis: 2026-08-28 EOD data
1Y -56.4%YTD -43.2%7D +0.5%
47
30D
±14.5%
2%

HOOY Options Overview

IV is elevated with bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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HOOY Gamma Walls

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Value

Is IV priced right?

5.0
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 79.8% — elevated vs history

<1.05x

IV/HV 0.99x — IV ≤ HV

Sector Relative≤50%

Sector percentile 88% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 54.5% — normal range

<80%

Effective IV 102.2% (ATM 54.5% + spread 23.9% + bias) — expensive

<3.0%

Total drag 38.65% (spread 23.86% + slippage 14.79%) — high friction

≥5.0

Vega efficiency 2.43 (vega 5.805 / spread 23.86%) — spread drag

Sentiment

Bullish or bearish?

2.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -30%, Raw: +8%)
|net sentiment| ≥25%

Conviction-weighted: -30% (bearish) — Raw: +8%

≥15%

|OI skew| 19.2% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -91.5%, OI skew -19.2% — 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: -100%, ATM: +100%, OTM: +100% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 99% — very bearish vs sector

Activity

Unusual activity?

4.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.0x avg — normal

≥15%

Vol/OI 5.4% — normal turnover

≥2 days

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

≥5%

OI change +23.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 71% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -30 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.3
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 23.9% — wide

≥10,000

OI 864 — thin

≥500

Volume 47/day — thin

≤$0.50

$1.19 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

≥100 contracts

Depth 165.10000000000002 contracts (bid:88.4 ask:76.7) — adequate

<1.0%

Avg slippage 14.79% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -12.2% — contango

<30 or >70

IV percentile 80% — seller opportunity

≥10pts kink

IV kink -4.5pts — no clear event

<0.5 or >2.0

θ/ν ratio 5805.40 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -30% @ 64% consistency — moderate (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.1
bullishIV fair, bearish flow
Long Puts6.9
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.9
bullishIV fair, bearish flow
Covered Call5.7
bearishIV fair, bearish 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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