Options/KOPN

KOPNKopin Corp

Options Analysis Report•SEMICONDUCTORS & RELATED DEVICES

Market Cap $833M|NASDAQ

● 2026-08-31$4.48

BULLISH

Analysis: 2026-08-28 EOD data

1Y +116.4%YTD +79.9%7D -5.5%

Options Vol

3,708

30D

Implied Move

±25.2%

IV Rank

KOPN Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

Loading score history...

KOPN Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

4.3

ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 95.7% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.86x — IV ≤ HV

Sector Relative≤50%

Sector percentile 96% — above sector median

Term Structure

<1.1x

Front/Back 1.11x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 97.9% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 130.4% (ATM 97.9% + spread 16.2% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 19.75% (spread 16.24% + slippage 3.51%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.58 (vega 0.943 / spread 16.24%) — spread drag

Sentiment

Bullish or bearish?

5.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -17%, Raw: -23%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -17% (bearish) — Raw: -23%

OI Skew Magnitude

≥15%

|OI skew| 68.8% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +69.4%, OI skew +68.8% — aligned

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -23%, ATM: +42%, OTM: -42% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 25% — very bullish vs sector

Activity

Unusual activity?

3.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.7x avg — normal

Turnover Rate

≥15%

Vol/OI 3.4% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +3.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 57% — neutral vs sector

Trade Quality

≥30%

Large trade volume 24% — mixed

Execution Urgency

≥60%

Aggressive execution 6% — patient

Flow Conviction

≥30

Conviction -17 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.2

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.2% — wide

Adequate OI

≥10,000

OI 109,436 — deep

Active Volume

≥500

Volume 3,708/day — adequate

Reasonable Cost

≤$0.50

$0.81 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 98% — much wider than sector

Order Book Depth

≥100 contracts

Depth 2,108.8 contracts (bid:1,803.2 ask:305.6) — deep

Execution Quality

<1.0%

Avg slippage 3.51% — poor

Timing

Is now a good time?

7.9

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +11.2% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 96% — seller opportunity

Event Detection

≥10pts kink

IV kink 14.9pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 196.40 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -17% @ 59% consistency — unclear

Smart Money Timing

≥40 composite score

Score 54 (ITM 20% + inst 24%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.1

bullishIV fair, mixed flow

Long Puts4.6

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put5.6

bullishIV fair, mixed flow

Covered Call5.0

bearishIV fair, 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 KOPN

KOPN gamma walls KOPN max pain KOPN IV rank KOPN options flow