AInvestOption Pilot Program
Options/INDA
I

INDAiShares MSCI India ETF

Options Analysis Report
AUM $6.7B|BATS
● 2026-08-28$49.53
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y -5.7%YTD -9.2%7D -0.2%
538
30D
±3.8%
16%

INDA Options Overview

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

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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INDA Gamma Walls

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Value

Is IV priced right?

6.3
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 15.4% — cheap vs history

<1.05x

IV/HV 1.81x — IV premium over HV

Sector Relative≤50%

Sector percentile 28% — below sector median

<1.1x

Front/Back 0.71x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 17.6% — normal range

<80%

Effective IV 107.8% (ATM 17.6% + spread 45.1% + bias) — expensive

<3.0%

Total drag 56.06% (spread 45.09% + slippage 10.97%) — high friction

≥5.0

Vega efficiency 2.70 (vega 12.196 / spread 45.09%) — spread drag

Sentiment

Bullish or bearish?

3.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -20%, Raw: -12%)
|net sentiment| ≥25%

Conviction-weighted: -20% (bearish) — Raw: -12%

≥15%

|OI skew| 24.7% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -45.0%, OI skew +24.7% — divergent (opposite)

≥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: -92%, OTM: +36% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 95% — very bearish vs sector

Activity

Unusual activity?

2.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.5% — normal turnover

≥2 days

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

≥5%

OI change -16.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 15% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 55% — patient

≥30

Conviction -20 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.4
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 45.1% — wide

≥10,000

OI 111,182 — deep

≥500

Volume 538/day — adequate

≤$0.50

$2.25 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 46% — neutral vs sector

≥100 contracts

Depth 197.7 contracts (bid:111.8 ask:85.9) — adequate

<1.0%

Avg slippage 10.97% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -29.1% — contango

<30 or >70

IV percentile 15% — buyer opportunity

≥10pts kink

IV kink -3.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 2102.79 — 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 -20% @ 60% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.1
bullishIV cheap, bearish flow
Long Puts6.0
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, bearish flow
Covered Call5.1
bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.