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Options Analysis Report
Market Cap $6.4B|NASDAQ
● 2026-08-31$108.83
BULLISH
Analysis: 2026-08-28 EOD data
1Y -20.3%YTD -2.8%7D +8.6%
1,167
30D
±11.7%
15%

NICE Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

5.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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NICE Gamma Walls

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Value

Is IV priced right?

7.3
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 71.0% — elevated vs history

<1.05x

IV/HV 0.98x — IV ≤ HV

Sector Relative≤50%

Sector percentile 33% — below sector median

<1.1x

Front/Back 0.90x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 45.6% — normal range

<80%

Effective IV 69.3% (ATM 45.6% + spread 11.8% + bias) — fair

<3.0%

Total drag 20.97% (spread 11.83% + slippage 9.14%) — high friction

≥5.0

Vega efficiency 40.91 (vega 48.401 / spread 11.83%) — efficient

Sentiment

Bullish or bearish?

4.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -55%, Raw: -40%)
|net sentiment| ≥25%

Conviction-weighted: -55% (strong bearish) — Raw: -40%

≥15%

|OI skew| 36.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +82.9%, OI skew +36.9% — 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: -74%, ATM: -67%, OTM: +26% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 16% — very bullish vs sector

Activity

Unusual activity?

4.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 1.7x avg — elevated

≥15%

Vol/OI 2.7% — normal turnover

≥2 days

2 day(s) elevated — sustained

≥5%

OI change +0.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 49% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 43% — patient

≥30

Conviction -55 (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 11.8% — wide

≥10,000

OI 42,990 — adequate

≥500

Volume 1,167/day — adequate

≤$0.50

$0.59 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 59% — neutral vs sector

≥100 contracts

Depth 59.6 contracts (bid:37.1 ask:22.5) — thin

<1.0%

Avg slippage 9.14% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -9.6% — contango

<30 or >70

IV percentile 71% — seller opportunity

≥10pts kink

IV kink -5.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 1779.45 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -55% @ 78% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.5
bullishIV cheap, mixed flow
Long Puts6.0
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, mixed flow
Covered Call4.4
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.

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