AInvestOption Pilot Program
Options/OIH
O

OIHVanEck Oil Services ETF

Options Analysis Report
AUM $2.0B|ARCX
● 2026-08-31$418.31
BULLISH
Analysis: 2026-08-28 EOD data
1Y +64.2%YTD +41.3%7D +2.3%
159
30D
±8.5%
22%

OIH Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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OIH Gamma Walls

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Value

Is IV priced right?

6.2
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 51.0% — elevated vs history

<1.05x

IV/HV 1.10x — IV premium over HV

Sector Relative≤50%

Sector percentile 71% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 32.7% — normal range

<80%

Effective IV 57.8% (ATM 32.7% + spread 12.6% + bias) — good value

<3.0%

Total drag 18.58% (spread 12.57% + slippage 6.01%) — high friction

≥5.0

Vega efficiency 113.20 (vega 142.295 / spread 12.57%) — efficient

Sentiment

Bullish or bearish?

6.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +16%, Raw: +19%)
|net sentiment| ≥25%

Conviction-weighted: +16% (bullish) — Raw: +19%

≥15%

|OI skew| 1.1% — balanced

Same sign, |vol skew| ≥10%

Vol skew +48.4%, OI skew +1.1% — 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: +14%, ATM: +22%, OTM: +19% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 15% — very bullish vs sector

Activity

Unusual activity?

1.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 0.5% — normal turnover

≥2 days

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

≥5%

OI change +2.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 19% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 34% — patient

≥30

Conviction +16 (bullish) — 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 12.6% — wide

≥10,000

OI 29,632 — adequate

≥500

Volume 159/day — thin

≤$0.50

$0.63 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 78% — wider than sector

≥100 contracts

Depth 38.1 contracts (bid:15.4 ask:22.7) — thin

<1.0%

Avg slippage 6.01% — poor

Timing

Is now a good time?

6.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -11.6% — contango

<30 or >70

IV percentile 51% — neutral

≥10pts kink

IV kink -2.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 1598.82 — 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 +16% @ 58% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.8
bullishIV cheap, bullish flow
Long Puts4.8
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.0
bullishIV too cheap, bullish flow
Covered Call3.9
bearishIV too cheap, bullish 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 OIH

OIH gamma wallsOIH max painOIH IV rankOIH options flow