AInvestOption Pilot Program
Options/IGV
I

IGViShares Expanded Tech-Software Sector ETF

Options Analysis Report
AUM $13.9B|BATS
● 2026-08-28$110.32
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y +1.1%YTD +7.5%7D +6.7%
213,599
30D
±9.0%
20%

IGV Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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IGV 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 Checks6/9 checks passed
≤35%

IV Rank 49.9% — elevated vs history

<1.05x

IV/HV 0.84x — IV ≤ HV

Sector Relative≤50%

Sector percentile 70% — above sector median

<1.1x

Front/Back 0.98x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 33.2% — normal range

<80%

Effective IV 48.2% (ATM 33.2% + spread 7.5% + bias) — excellent value

<3.0%

Total drag 12.40% (spread 7.50% + slippage 4.90%) — high friction

≥5.0

Vega efficiency 11.60 (vega 8.700 / spread 7.50%) — efficient

Sentiment

Bullish or bearish?

4.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +18%, Raw: +9%)
|net sentiment| ≥25%

Conviction-weighted: +18% (bullish) — Raw: +9%

≥15%

|OI skew| 38.6% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -28.8%, OI skew -38.6% — aligned

≥2/3 conditions

0-DTE 12%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +22%, ATM: +16%, OTM: +6% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 92% — very bearish vs sector

Activity

Unusual activity?

6.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 2.8x avg — hot

≥15%

Vol/OI 17.0% — high turnover

≥2 days

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

≥5%

OI change -28.5% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 90% — very active vs sector

≥30%

Large trade volume 60% — heavy institutional

≥60%

Aggressive execution 44% — patient

≥30

Conviction +18 (bullish) — mixed

Liquidity

Can I trade efficiently?

5.4
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 7.5% — wide

≥10,000

OI 1,257,962 — deep

≥500

Volume 213,599/day — active

≤$0.50

$0.38 to cross — cheap

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 77% — wider than sector

≥100 contracts

Depth 667.6 contracts (bid:332.3 ask:335.3) — deep

<1.0%

Avg slippage 4.90% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -2.1% — flat/unclear

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink 0.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 89.69 — 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 +18% @ 59% consistency — unclear

≥40 composite score

Score 90 (ITM 20% + inst 60%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.6
bullishIV cheap, mixed flow
Long Puts6.2
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call5.1
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.