Options/NDAQ

NDAQNasdaq, Inc. Common Stock

Options Analysis Report•SECURITY & COMMODITY BROKERS, DEALERS, EXCHANGES & SERVICES

Market Cap $55.5B|NASDAQ

● 2026-08-31$99.31

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +6.1%YTD +2.7%7D +0.5%

Options Vol

1,987

30D

Implied Move

±7.0%

IV Rank

NDAQ Options Overview

IV is low. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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NDAQ Gamma Walls

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Value

Is IV priced right?

6.1

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 29.9% — cheap vs history

IV/HV Ratio

<1.05x

IV/HV 2.27x — IV premium over HV

Sector Relative≤50%

Sector percentile 58% — above sector median

Term Structure

<1.1x

Front/Back 0.90x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 25.5% — normal range

Spread-Adjusted Value

<80%

Effective IV 63.8% (ATM 25.5% + spread 19.2% + bias) — good value

Execution Efficiency

<3.0%

Total drag 21.36% (spread 19.16% + slippage 2.20%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 2.62 (vega 5.011 / spread 19.16%) — spread drag

Sentiment

Bullish or bearish?

5.0

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -17%, Raw: -24%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -17% (bearish) — Raw: -24%

OI Skew Magnitude

≥15%

|OI skew| 15.4% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +3.4%, OI skew +15.4% — weak (same direction)

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: -18%, ATM: +20%, OTM: -85% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 65% — bearish vs sector

Activity

Unusual activity?

4.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.7x avg — elevated

Turnover Rate

≥15%

Vol/OI 5.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +3.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 81% — very active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 11% — patient

Flow Conviction

≥30

Conviction -17 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 19.2% — wide

Adequate OI

≥10,000

OI 34,742 — adequate

Active Volume

≥500

Volume 1,987/day — adequate

Reasonable Cost

≤$0.50

$0.96 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 58% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 113.5 contracts (bid:53.2 ask:60.3) — adequate

Execution Quality

<1.0%

Avg slippage 2.20% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -9.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 30% — buyer opportunity

Event Detection

≥10pts kink

IV kink -0.3pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 52.26 — 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% @ 58% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls5.4

bullishIV cheap, mixed flow

Long Puts5.4

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, mixed flow

Covered Call4.6

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 NDAQ

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