AInvestOption Pilot Program
Options/KBWB
K

KBWBInvesco KBW Bank ETF

Options Analysis Report•INVESTMENT ADVICE
AUM $6.8B|NASDAQ
● 2026-08-31$96.28
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +25.3%YTD +12.3%7D +0.1%
17
30D
±5.9%
10%

KBWB Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

4.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
Loading score history...

KBWB Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

6.4
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 29.9% — cheap vs history

<1.05x

IV/HV 1.55x — IV premium over HV

Sector Relative≤50%

Sector percentile 49% — below sector median

<1.1x

Front/Back 0.86x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 23.3% — normal range

<80%

Effective IV 82.2% (ATM 23.3% + spread 29.4% + bias) — expensive

<3.0%

Total drag 39.95% (spread 29.43% + slippage 10.52%) — high friction

≥5.0

Vega efficiency 3.11 (vega 9.159 / spread 29.43%) — spread drag

Sentiment

Bullish or bearish?

5.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -4%, Raw: -6%)
|net sentiment| ≥25%

Conviction-weighted: -4% (neutral) — Raw: -6%

≥15%

|OI skew| 29.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +5.9%, OI skew +29.5% — weak (same direction)

≥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: +0% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 26% — very bullish vs sector

Activity

Unusual activity?

1.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.0x avg — normal

≥15%

Vol/OI 0.0% — normal turnover

≥2 days

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

≥5%

OI change +0.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 1% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 53% — patient

≥30

Conviction -4 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.5
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 29.4% — wide

≥10,000

OI 40,501 — adequate

≥500

Volume 17/day — thin

≤$0.50

$1.47 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 61% — wider than sector

≥100 contracts

Depth 107.4 contracts (bid:79.2 ask:28.2) — adequate

<1.0%

Avg slippage 10.52% — poor

Timing

Is now a good time?

6.4
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -14.2% — contango

<30 or >70

IV percentile 30% — buyer opportunity

≥10pts kink

IV kink -3.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 242.94 — 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 -4% @ 54% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.5
bullishIV cheap, mixed flow
Long Puts5.2
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, mixed flow
Covered Call4.2
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 KBWB

KBWB gamma wallsKBWB max painKBWB IV rankKBWB options flow