AInvestOption Pilot Program
Options/NLR
N

NLRVanEck Uranium and Nuclear ETF

Options Analysis Report
AUM $4.2B|ARCX
● 2026-08-31$118.12
BEARISH
Analysis: 2026-08-28 EOD data
1Y -0.3%YTD -11.2%7D -0.5%
245
30D
±9.8%
2%

NLR Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
Loading score history...

NLR Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

5.5
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 58.4% — elevated vs history

<1.05x

IV/HV 0.87x — IV ≤ HV

Sector Relative≤50%

Sector percentile 76% — above sector median

<1.1x

Front/Back 0.89x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 36.7% — normal range

<80%

Effective IV 111.4% (ATM 36.7% + spread 37.3% + bias) — expensive

<3.0%

Total drag 50.90% (spread 37.34% + slippage 13.56%) — high friction

≥5.0

Vega efficiency 3.04 (vega 11.361 / spread 37.34%) — spread drag

Sentiment

Bullish or bearish?

2.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -81%, Raw: -82%)
|net sentiment| ≥25%

Conviction-weighted: -81% (strong bearish) — Raw: -82%

≥15%

|OI skew| 22.2% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew +69.8%, OI skew -22.2% — 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: +0%, ATM: -64%, OTM: -88% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 9% — very bullish vs sector

Activity

Unusual activity?

5.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 1.6x avg — elevated

≥15%

Vol/OI 3.5% — normal turnover

≥2 days

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

≥5%

OI change +4.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 61% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 23% — patient

≥30

Conviction -81 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 37.3% — wide

≥10,000

OI 6,987 — thin

≥500

Volume 245/day — thin

≤$0.50

$1.87 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 82% — much wider than sector

≥100 contracts

Depth 198.0 contracts (bid:118.4 ask:79.6) — adequate

<1.0%

Avg slippage 13.56% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -11.4% — contango

<30 or >70

IV percentile 58% — neutral

≥10pts kink

IV kink -2.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 99.39 — 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 -81% @ 90% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.4
bullishIV fair, bearish flow
Long Puts6.9
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.9
bullishIV fair, bearish flow
Covered Call5.5
bearishIV fair, bearish 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 NLR

NLR gamma wallsNLR max painNLR IV rankNLR options flow