AInvestOption Pilot Program
Options/NVOX
N

NVOXDefiance Daily Target 2x Long NVO ETF

Options Analysis Report
Market Cap: --|ARCX
● 2026-08-31$14.01
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -53.0%YTD -39.4%7D -6.3%
8
30D
±18.2%
10%

NVOX Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.3VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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NVOX Gamma Walls

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Value

Is IV priced right?

4.7
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 89.7% — elevated vs history

<1.05x

IV/HV 0.95x — IV ≤ HV

Sector Relative≤50%

Sector percentile 93% — above sector median

<1.1x

Front/Back 0.83x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 71.1% — normal range

<80%

Effective IV 164.8% (ATM 71.1% + spread 46.9% + bias) — expensive

<3.0%

Total drag 61.54% (spread 46.86% + slippage 14.68%) — high friction

≥5.0

Vega efficiency 0.28 (vega 1.334 / spread 46.86%) — spread drag

Sentiment

Bullish or bearish?

3.8
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -77%, Raw: -75%)
|net sentiment| ≥25%

Conviction-weighted: -77% (strong bearish) — Raw: -75%

≥15%

|OI skew| 41.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +41.2% — 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: -100%, ATM: -100%, OTM: -60% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

2.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.9% — normal turnover

≥2 days

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

≥5%

OI change +45.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 28% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 17% — patient

≥30

Conviction -77 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.2
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 46.9% — wide

≥10,000

OI 888 — thin

≥500

Volume 8/day — thin

≤$0.50

$2.34 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 95% — much wider than sector

≥100 contracts

Depth 608.1 contracts (bid:166.8 ask:441.3) — deep

<1.0%

Avg slippage 14.68% — poor

Timing

Is now a good time?

7.8
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -16.6% — contango

<30 or >70

IV percentile 90% — seller opportunity

≥10pts kink

IV kink -8.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 60.10 — 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 -77% @ 83% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts5.3
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.5
bullishIV fair, bearish flow
Covered Call5.4
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 NVOX

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