AInvestOption Pilot Program
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R

REMiShares Mortgage Real Estate ETF

Options Analysis Report
AUM $541M|BATS
● 2026-08-31$21.78
BEARISH
Analysis: 2026-08-28 EOD data
1Y -3.8%YTD -3.5%7D -1.2%
66
30D
±10.1%
13%

REM Options Overview

bearish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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REM Gamma Walls

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Value

Is IV priced right?

5.3
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 33.8% — cheap vs history

<1.05x

IV/HV 1.77x — IV premium over HV

Sector Relative≤50%

Sector percentile 53% — above sector median

<1.1x

Front/Back 1.34x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 24.8% — normal range

<80%

Effective IV 52.8% (ATM 24.8% + spread 14.0% + bias) — good value

<3.0%

Total drag 22.44% (spread 14.00% + slippage 8.44%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 14.00%) — spread drag

Sentiment

Bullish or bearish?

3.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: +4%, Raw: +8%)
|net sentiment| ≥25%

Conviction-weighted: +4% (neutral) — Raw: +8%

≥15%

|OI skew| 37.4% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -97.0%, OI skew -37.4% — 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: +100%, OTM: +0% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 100% — very bearish vs sector

Activity

Unusual activity?

3.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 1.5x avg — elevated

≥15%

Vol/OI 2.5% — normal turnover

≥2 days

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

≥5%

OI change +2.6% (5d) — building

Sector Relative≥60%

Sector activity percentile 52% — neutral vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 21% — patient

≥30

Conviction +4 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks1/8 checks passed
≤5.0%

Spread 14.0% — wide

≥10,000

OI 2,672 — thin

≥500

Volume 66/day — thin

≤$0.50

$0.70 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 65% — wider than sector

≥100 contracts

Depth 103.19999999999999 contracts (bid:69.1 ask:34.1) — adequate

<1.0%

Avg slippage 8.44% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope +34.5% — backwardation

<30 or >70

IV percentile 34% — neutral

≥10pts kink

IV kink 13.1pts — event priced

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥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 +4% @ 52% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls4.5
bullishIV fair, bearish flow
Long Puts6.4
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put4.2
bullishIV fair, bearish flow
Covered Call5.2
bearishIV fair, 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.

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