AInvestOption Pilot Program
Options/IWB
I

IWBiShares Russell 1000 ETF

Options Analysis Report
AUM $49.0B|ARCX
● 2026-08-31$421.15
BULLISH
Analysis: 2026-08-28 EOD data
1Y +19.6%YTD +12.5%7D +0.7%
144
30D
±3.4%
0%

IWB Options Overview

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

REWARDS

RISK ANALYSIS

5.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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IWB Gamma Walls

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Value

Is IV priced right?

7.6
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 7.5% — cheap vs history

<1.05x

IV/HV 1.31x — IV premium over HV

Sector Relative≤50%

Sector percentile 13% — below sector median

<1.1x

Front/Back 0.75x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 14.2% — normal range

<80%

Effective IV 247.9% (ATM 14.2% + spread 116.9% + bias) — expensive

<3.0%

Total drag 133.31% (spread 116.87% + slippage 16.44%) — high friction

≥5.0

Vega efficiency 6.49 (vega 75.898 / spread 116.87%) — acceptable

Sentiment

Bullish or bearish?

4.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -50%, Raw: -43%)
|net sentiment| ≥25%

Conviction-weighted: -50% (strong bearish) — Raw: -43%

≥15%

|OI skew| 88.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +88.5% — 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: +0%, OTM: -43% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

6.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 4.1x avg — hot

≥15%

Vol/OI 4.1% — normal turnover

≥2 days

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

≥5%

OI change +0.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 65% — active vs sector

≥30%

Large trade volume 69% — heavy institutional

≥60%

Aggressive execution 50% — patient

≥30

Conviction -50 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.2
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 116.9% — wide

≥10,000

OI 3,509 — thin

≥500

Volume 144/day — thin

≤$0.50

$5.84 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 34% — tighter than sector

≥100 contracts

Depth 104.0 contracts (bid:34.5 ask:69.5) — adequate

<1.0%

Avg slippage 16.44% — poor

Timing

Is now a good time?

7.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope -25.2% — contango

<30 or >70

IV percentile 8% — buyer opportunity

≥10pts kink

IV kink -2.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 820.52 — 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 -50% @ 75% consistency — STRONG directional (bearish)

≥40 composite score

Score 99 (ITM 20% + inst 69%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV cheap, mixed flow
Long Puts6.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.2
bullishIV too cheap, mixed flow
Covered Call4.3
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 IWB

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