Options/OLED

OLEDUniversal Display Corp

Options Analysis Report•ELECTRONIC COMPONENTS & ACCESSORIES

Market Cap $3.8B|NASDAQ

● 2026-08-31$83.17

BEARISH

Analysis: 2026-08-28 EOD data

1Y -39.9%YTD -31.7%7D -6.9%

Options Vol

1,270

30D

Implied Move

±13.2%

IV Rank

33%

OLED Options Overview

bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for option buyers

Learn

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OLED Gamma Walls

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OLED Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where OLED sits on protection cost vs. fragility today.

Protection is priced in the fair band (4.22) — the move being priced is 1.64x this name's own median 26-trading-day move, and downside puts carry 1.9 IV points LESS than at-the-money, measured against this name's own rolling 26-trading-day realized moves (478 overlapping windows). Fragility reads resilient (2.6): it is trading 10% above its hedge wall on a wall graded HIGH for reliability, and its realized-vol regime is stable.

Protection cost

4.22/ 10fair

Basis: cross_sectional

Fragility

2.60/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

6.3

ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed

IV Rank

≤35%

IV Rank 50.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

Term Structure

<1.1x

Front/Back 0.95x — contango

Skew Normal

<1.25x

Put/Call IV 1.00x — normal

Absolute IV

<80%

ATM IV 0.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 43.8% (ATM 0.0% + spread 21.9% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 27.68% (spread 21.88% + slippage 5.80%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 21.88%) — spread drag

Sentiment

Bullish or bearish?

3.7

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -21%, Raw: -13%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -21% (bearish) — Raw: -13%

OI Skew Magnitude

≥15%

|OI skew| 58.0% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -95.0%, OI skew +58.0% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +0%, ATM: +25%, OTM: -14% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 99% — very bearish vs sector

Activity

Unusual activity?

4.4

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.1x avg — normal

Turnover Rate

≥15%

Vol/OI 6.8% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +45.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 75% — active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 21% — patient

Flow Conviction

≥30

Conviction -21 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.4

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 21.9% — wide

Adequate OI

≥10,000

OI 18,586 — adequate

Active Volume

≥500

Volume 1,270/day — adequate

Reasonable Cost

≤$0.50

$1.09 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 55.9 contracts (bid:32.5 ask:23.4) — thin

Execution Quality

<1.0%

Avg slippage 5.80% — poor

Timing

Is now a good time?

6.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks3/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -4.6% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 50% — neutral

Event Detection

≥10pts kink

IV kink -1.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -21% @ 61% consistency — unclear

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls4.9

bullishIV cheap, bearish flow

Long Puts5.8

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put4.0

bullishIV too cheap, bearish flow

Covered Call4.9

bearishIV too cheap, 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 OLED

OLED gamma walls OLED max pain OLED IV rank OLED options flow