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NMMNavios Maritime Partners L.P.

Options Analysis Report
Market Cap $2.5B|NYSE
● 2026-08-31$87.16
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +86.0%YTD +69.6%7D -2.9%
2,671
30D
±9.0%
2%

NMM Options Overview

unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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NMM Gamma Walls

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Value

Is IV priced right?

8.0
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 49.6% — elevated vs history

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 29% — below sector median

<1.1x

Front/Back 0.93x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 32.0% — normal range

<80%

Effective IV 56.8% (ATM 32.0% + spread 12.4% + bias) — good value

<3.0%

Total drag 16.44% (spread 12.38% + slippage 4.06%) — high friction

≥5.0

Vega efficiency 15.44 (vega 19.120 / spread 12.38%) — efficient

Sentiment

Bullish or bearish?

4.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -24%, Raw: -26%)
|net sentiment| ≥25%

Conviction-weighted: -24% (bearish) — Raw: -26%

≥15%

|OI skew| 3.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew -6.3%, OI skew +3.9% — 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: -86%, ATM: -17%, OTM: -37% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 79% — very bearish vs sector

Activity

Unusual activity?

6.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 4.3x avg — hot

≥15%

Vol/OI 15.9% — high turnover

≥2 days

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

≥5%

OI change +15.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 98% — very active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 18% — patient

≥30

Conviction -24 (bearish) — mixed

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 12.4% — wide

≥10,000

OI 16,841 — adequate

≥500

Volume 2,671/day — adequate

≤$0.50

$0.62 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 56% — neutral vs sector

≥100 contracts

Depth 61.1 contracts (bid:27.0 ask:34.1) — thin

<1.0%

Avg slippage 4.06% — poor

Timing

Is now a good time?

6.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -6.5% — contango

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink -0.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 586.49 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -24% @ 62% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.8
bullishIV cheap, mixed flow
Long Puts6.3
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.8
bullishIV too cheap, mixed flow
Covered Call4.2
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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