AInvestOption Pilot Program
Options/QTUM
Q

QTUMDefiance Quantum ETF

Options Analysis Report
AUM $5.6B|NASDAQ
● 2026-08-31$148.23
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +58.2%YTD +31.9%7D +0.9%
221
30D
±7.5%
17%

QTUM 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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QTUM Gamma Walls

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Value

Is IV priced right?

6.6
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 46.2% — elevated vs history

<1.05x

IV/HV 0.92x — IV ≤ HV

Sector Relative≤50%

Sector percentile 67% — above sector median

<1.1x

Front/Back 0.80x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 30.4% — normal range

<80%

Effective IV 69.6% (ATM 30.4% + spread 19.6% + bias) — fair

<3.0%

Total drag 28.35% (spread 19.61% + slippage 8.74%) — high friction

≥5.0

Vega efficiency 23.25 (vega 45.590 / spread 19.61%) — efficient

Sentiment

Bullish or bearish?

4.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -46%, Raw: -43%)
|net sentiment| ≥25%

Conviction-weighted: -46% (strong bearish) — Raw: -43%

≥15%

|OI skew| 7.5% — balanced

Same sign, |vol skew| ≥10%

Vol skew +1.4%, OI skew +7.5% — weak (same direction)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -60%, ATM: +29%, OTM: -56% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 27% — very bullish vs sector

Activity

Unusual activity?

3.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 2.0% — normal turnover

≥2 days

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

≥5%

OI change +4.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 47% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 36% — patient

≥30

Conviction -46 (bearish) — moderate

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 19.6% — wide

≥10,000

OI 10,984 — adequate

≥500

Volume 221/day — thin

≤$0.50

$0.98 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 75% — wider than sector

≥100 contracts

Depth 127.5 contracts (bid:51.5 ask:76.0) — adequate

<1.0%

Avg slippage 8.74% — poor

Timing

Is now a good time?

7.0
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -20.1% — contango

<30 or >70

IV percentile 46% — neutral

≥10pts kink

IV kink -4.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 1142.60 — 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 -46% @ 73% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV cheap, mixed flow
Long Puts5.8
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, mixed flow
Covered Call4.6
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 QTUM

QTUM gamma wallsQTUM max painQTUM IV rankQTUM options flow