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Options/NEBX
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NEBXTradr 2X Long NBIS Daily ETF

Options Analysis Report
Market Cap: --|BATS
● 2026-08-31$22.39
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +35.0%YTD +106.6%7D -2.0%
1,076
30D
±8.6%
21%

NEBX Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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NEBX Gamma Walls

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Value

Is IV priced right?

4.1
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 99.7% — elevated vs history

<1.05x

IV/HV 0.63x — IV ≤ HV

Sector Relative≤50%

Sector percentile 100% — above sector median

<1.1x

Front/Back 0.92x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 174.2% — crisis-level IV

<80%

Effective IV 217.5% (ATM 174.2% + spread 21.6% + bias) — expensive

<3.0%

Total drag 28.34% (spread 21.64% + slippage 6.70%) — high friction

≥5.0

Vega efficiency 1.41 (vega 3.052 / spread 21.64%) — spread drag

Sentiment

Bullish or bearish?

5.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -15%, Raw: -15%)
|net sentiment| ≥25%

Conviction-weighted: -15% (bearish) — Raw: -15%

≥15%

|OI skew| 5.0% — balanced

Same sign, |vol skew| ≥10%

Vol skew +16.4%, OI skew -5.0% — 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: -27%, ATM: -72%, OTM: -12% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 40% — bullish vs sector

Activity

Unusual activity?

3.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.3x avg — normal

≥15%

Vol/OI 3.6% — normal turnover

≥2 days

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

≥5%

OI change +10.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 67% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 19% — patient

≥30

Conviction -15 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 21.6% — wide

≥10,000

OI 30,147 — adequate

≥500

Volume 1,076/day — adequate

≤$0.50

$1.08 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 100% — much wider than sector

≥100 contracts

Depth 1,398.0 contracts (bid:860.1 ask:537.9) — deep

<1.0%

Avg slippage 6.70% — poor

Timing

Is now a good time?

7.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -8.2% — contango

<30 or >70

IV percentile 100% — seller opportunity

≥10pts kink

IV kink 24.1pts — event priced

<0.5 or >2.0

θ/ν ratio 69.69 — favors income trades

≥3 expirations

2 liquid expirations — limited

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -15% @ 58% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.8
bullishIV fair, mixed flow
Long Puts4.8
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.3
bullishIV fair, mixed flow
Covered Call5.3
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 NEBX

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