Options/PL

PLPlanet Labs PBC

Options Analysis Report•RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT

Market Cap $7.1B|NYSE

● 2026-08-28$19.98

BULLISH

Analysis: 2026-08-27 EOD data

1Y +181.8%YTD -2.1%7D -10.4%

Options Vol

16,772

30D

Implied Move

±33.1%

IV Rank

27%

PL Options Overview

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

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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PL Gamma Walls

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Value

Is IV priced right?

1.6

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 96.3% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 2.26x — IV premium over HV

Sector Relative≤50%

Sector percentile 99% — above sector median

Term Structure

<1.1x

Front/Back 1.58x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 108.6% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 131.2% (ATM 108.6% + spread 11.3% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 16.26% (spread 11.31% + slippage 4.95%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 2.07 (vega 2.343 / spread 11.31%) — spread drag

Sentiment

Bullish or bearish?

6.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +11%, Raw: +11%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +11% (bullish) — Raw: +11%

OI Skew Magnitude

≥15%

|OI skew| 36.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +33.9%, OI skew +36.9% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 39%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +12%, ATM: +18%, OTM: +9% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 42% — bullish vs sector

Activity

Unusual activity?

4.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 1.1x avg — normal

Turnover Rate

≥15%

Vol/OI 5.7% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +8.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 82% — very active vs sector

Trade Quality

≥30%

Large trade volume 46% — institutional presence

Execution Urgency

≥60%

Aggressive execution 28% — patient

Flow Conviction

≥30

Conviction +11 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.1

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 11.3% — wide

Adequate OI

≥10,000

OI 293,517 — deep

Active Volume

≥500

Volume 16,772/day — active

Reasonable Cost

≤$0.50

$0.57 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 541.9 contracts (bid:358.0 ask:183.9) — deep

Execution Quality

<1.0%

Avg slippage 4.95% — poor

Timing

Is now a good time?

8.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +58.2% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 96% — seller opportunity

Event Detection

≥10pts kink

IV kink 46.2pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 53.01 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +11% @ 56% consistency — unclear

Smart Money Timing

≥40 composite score

Score 76 (ITM 20% + inst 46%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.8

bullishIV expensive, bullish flow

Long Puts3.5

bearishIV expensive, bullish flow

Premium Sellers

Cash-Secured Put7.3

bullishIV rich premium, bullish flow

Covered Call5.6

bearishIV rich premium, bullish flow

For educational purposes only. Not investment advice.

Earnings · week of Aug 31

Options price a ±18.3% move into PL's Sep 3 earnings

PL reports on Thursday, September 3 after the close. The at-the-money straddle covering that report prices a ±18.3% move — roughly $16.32 to $23.64 from $19.98. PL has averaged ±29.2% on its last 6 earnings reactions (biggest: 49%), so this print is priced at 0.6× its own history.

CAN RUN MOREimplied ±18.3%history ±29.2%Sep 4 expiry

See the implied move for every US stock reporting the week of Aug 31

Implied move = the live at-the-money straddle for the expiry covering the report (Sep 4); it shifts intraday. Historical move = the average of PL’s own 1-day earnings reactions over its last reported quarters — a reference, not a forecast.