AInvestOption Pilot Program
Options/IJR
I

IJRiShares Core S&P Small-Cap ETF

Options Analysis Report
AUM $110.0B|ARCX
● 2026-08-28$145.58
BULLISH
Analysis: 2026-08-27 EOD data
1Y +24.3%YTD +19.9%7D -0.8%
46
30D
±4.2%
0%

IJR Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
Loading score history...

IJR Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

8.4
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 13.1% — cheap vs history

<1.05x

IV/HV 1.28x — IV premium over HV

Sector Relative≤50%

Sector percentile 24% — below sector median

<1.1x

Front/Back 0.83x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 16.6% — normal range

<80%

Effective IV 73.5% (ATM 16.6% + spread 28.4% + bias) — fair

<3.0%

Total drag 35.65% (spread 28.45% + slippage 7.20%) — high friction

≥5.0

Vega efficiency 4.42 (vega 12.585 / spread 28.45%) — spread drag

Sentiment

Bullish or bearish?

6.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: +1%, Raw: +3%)
|net sentiment| ≥25%

Conviction-weighted: +1% (neutral) — Raw: +3%

≥15%

|OI skew| 38.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +78.3%, OI skew +38.3% — 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: -100%, OTM: +33% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 8% — very bullish vs sector

Activity

Unusual activity?

1.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.4% — normal turnover

≥2 days

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

≥5%

OI change -37.2% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 13% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 17% — patient

≥30

Conviction +1 (bullish) — mixed

Liquidity

Can I trade efficiently?

3.0
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 28.4% — wide

≥10,000

OI 10,259 — adequate

≥500

Volume 46/day — thin

≤$0.50

$1.42 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 42% — neutral vs sector

≥100 contracts

Depth 221.70000000000002 contracts (bid:163.3 ask:58.4) — adequate

<1.0%

Avg slippage 7.20% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -16.9% — contango

<30 or >70

IV percentile 13% — buyer opportunity

≥10pts kink

IV kink -2.0pts — no clear event

<0.5 or >2.0

θ/ν ratio 291.99 — 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 +1% @ 50% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.3
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, bullish flow
Covered Call3.3
bearishIV too cheap, 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.

More on IJR

IJR gamma wallsIJR max painIJR IV rankIJR options flow