AInvestOption Pilot Program
Options/OEF
O

OEFiShares S&P 100 ETF

Options Analysis Report
AUM $20.5B|ARCX
● 2026-08-31$380.91
BULLISH
Analysis: 2026-08-28 EOD data
1Y +19.9%YTD +11.3%7D +1.1%
20
30D
±3.6%
24%

OEF Options Overview

IV is low. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.1VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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OEF Gamma Walls

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Value

Is IV priced right?

7.7
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 7.7% — cheap vs history

<1.05x

IV/HV 1.30x — IV premium over HV

Sector Relative≤50%

Sector percentile 14% — below sector median

<1.1x

Front/Back 0.78x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 14.3% — normal range

<80%

Effective IV 57.2% (ATM 14.3% + spread 21.4% + bias) — good value

<3.0%

Total drag 24.83% (spread 21.44% + slippage 3.39%) — high friction

≥5.0

Vega efficiency 50.18 (vega 107.576 / spread 21.44%) — efficient

Sentiment

Bullish or bearish?

5.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -24%, Raw: -22%)
|net sentiment| ≥25%

Conviction-weighted: -24% (bearish) — Raw: -22%

≥15%

|OI skew| 7.8% — balanced

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +7.8% — 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: +0%, ATM: +0%, OTM: -22% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

2.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.3x avg — normal

≥15%

Vol/OI 1.0% — normal turnover

≥2 days

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

≥5%

OI change +1.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 30% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -24 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 21.4% — wide

≥10,000

OI 2,092 — thin

≥500

Volume 20/day — thin

≤$0.50

$1.07 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 35% — tighter than sector

≥100 contracts

Depth 61.599999999999994 contracts (bid:20.7 ask:40.9) — thin

<1.0%

Avg slippage 3.39% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -21.5% — contango

<30 or >70

IV percentile 8% — buyer opportunity

≥10pts kink

IV kink -2.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 1760.66 — 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 -24% @ 64% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.0
bullishIV cheap, mixed flow
Long Puts5.7
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV too cheap, mixed flow
Covered Call3.9
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.

More on OEF

OEF gamma wallsOEF max painOEF IV rankOEF options flow