Options/OPTU

OPTUOptimum Communications, Inc.

Options Analysis Report•CABLE & OTHER PAY TELEVISION SERVICES

Market Cap $389M|NYSE

● 2026-08-31$1.02

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y -43.0%YTD -40.7%7D +18.6%

Options Vol

584

30D

Implied Move

±36.4%

IV Rank

31%

OPTU Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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OPTU Gamma Walls

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Value

Is IV priced right?

3.4

ExpensiveCheap

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

levels.

Risk Checks1/9 checks passed

IV Rank

≤35%

IV Rank 97.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.14x — IV premium over HV

Sector Relative≤50%

Sector percentile 99% — above sector median

Term Structure

<1.1x

Front/Back 1.15x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 114.5% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 224.4% (ATM 114.5% + spread 54.9% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 56.00% (spread 54.93% + slippage 1.07%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.04 (vega 0.232 / spread 54.93%) — spread drag

Sentiment

Bullish or bearish?

4.6

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -27%, Raw: -31%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -27% (bearish) — Raw: -31%

OI Skew Magnitude

≥15%

|OI skew| 14.2% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +26.7%, OI skew -14.2% — 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: +100%, ATM: -33%, OTM: -76% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 52% — neutral vs sector

Activity

Unusual activity?

4.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 1.7x avg — elevated

Turnover Rate

≥15%

Vol/OI 2.2% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +2.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 57% — neutral vs sector

Trade Quality

≥30%

Large trade volume 17% — mixed

Execution Urgency

≥60%

Aggressive execution 6% — patient

Flow Conviction

≥30

Conviction -27 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.1

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 54.9% — wide

Adequate OI

≥10,000

OI 26,619 — adequate

Active Volume

≥500

Volume 584/day — adequate

Reasonable Cost

≤$0.50

$2.75 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

Order Book Depth

≥100 contracts

Depth 1,770.8000000000002 contracts (bid:683.9 ask:1,086.9) — deep

Execution Quality

<1.0%

Avg slippage 1.07% — fair

Timing

Is now a good time?

8.5

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks9/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +14.5% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 97% — seller opportunity

Event Detection

≥10pts kink

IV kink 16.2pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 231.90 — favors income trades

Expiration Distribution

≥3 expirations

3 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 -27% @ 63% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

Score 47 (ITM 20% + inst 17%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls4.5

bullishIV expensive, mixed flow

Long Puts4.8

bearishIV expensive, mixed flow

Premium Sellers

Cash-Secured Put5.5

bullishIV rich premium, mixed flow

Covered Call5.8

bearishIV rich premium, 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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