AInvestOption Pilot Program
Options/PWB
P

PWBInvesco Large Cap Growth ETF

Options Analysis Report
AUM $2.4B|ARCX
● 2026-08-31$155.24
BULLISH
Analysis: 2026-08-28 EOD data
1Y +31.1%YTD +20.5%7D +0.6%
6
30D
±5.1%
12%

PWB Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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PWB 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 23.3% — cheap vs history

<1.05x

IV/HV 0.89x — IV ≤ HV

Sector Relative≤50%

Sector percentile 40% — below sector median

<1.1x

Front/Back 0.78x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 20.6% — normal range

<80%

Effective IV 189.0% (ATM 20.6% + spread 84.2% + bias) — expensive

<3.0%

Total drag 109.10% (spread 84.21% + slippage 24.89%) — high friction

≥5.0

Vega efficiency 5.25 (vega 44.212 / spread 84.21%) — acceptable

Sentiment

Bullish or bearish?

4.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -67%, Raw: -67%)
|net sentiment| ≥25%

Conviction-weighted: -67% (strong bearish) — Raw: -67%

≥15%

|OI skew| 100.0% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +100.0% — 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: -67% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

4.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 1.6x avg — elevated

≥15%

Vol/OI 7.3% — normal turnover

≥2 days

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

≥5%

OI change +0.0% (5d) — stable

Sector Relative≥60%

Sector activity percentile 78% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 0% — patient

≥30

Conviction -67 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.0
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 84.2% — wide

≥10,000

OI 82 — thin

≥500

Volume 6/day — thin

≤$0.50

$4.21 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 55% — neutral vs sector

≥100 contracts

Depth 161.6 contracts (bid:43.3 ask:118.3) — adequate

<1.0%

Avg slippage 24.89% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -21.8% — contango

<30 or >70

IV percentile 23% — buyer opportunity

≥10pts kink

IV kink -3.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 1217.97 — 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 -67% @ 80% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.6
bullishIV cheap, mixed flow
Long Puts6.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put3.6
bullishIV too cheap, mixed flow
Covered Call4.2
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 PWB

PWB gamma wallsPWB max painPWB IV rankPWB options flow