AInvestOption Pilot Program
Options/SDOW
S

SDOWProShares UltraPro Short Dow 30

Options Analysis Report
AUM $163M|ARCX
● 2026-08-31$22.68
BULLISH
Analysis: 2026-08-28 EOD data
1Y -41.2%YTD -27.7%7D -0.5%
513
30D
±9.8%
13%

SDOW Options Overview

bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SDOW Gamma Walls

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Value

Is IV priced right?

5.2
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 65.3% — elevated vs history

<1.05x

IV/HV 1.26x — IV premium over HV

Sector Relative≤50%

Sector percentile 81% — above sector median

<1.1x

Front/Back 0.78x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 41.3% — normal range

<80%

Effective IV 86.1% (ATM 41.3% + spread 22.4% + bias) — expensive

<3.0%

Total drag 29.97% (spread 22.40% + slippage 7.57%) — high friction

≥5.0

Vega efficiency 2.88 (vega 6.453 / spread 22.40%) — spread drag

Sentiment

Bullish or bearish?

6.9
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +10%, Raw: +2%)
|net sentiment| ≥25%

Conviction-weighted: +10% (bullish) — Raw: +2%

≥15%

|OI skew| 23.6% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +97.3%, OI skew +23.6% — 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: -52%, ATM: +72%, OTM: -37% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 1% — very bullish vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 2.1% — normal turnover

≥2 days

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

≥5%

OI change +1.5% (5d) — stable

Sector Relative≥60%

Sector activity percentile 48% — neutral vs sector

≥30%

Large trade volume 20% — mixed

≥60%

Aggressive execution 30% — patient

≥30

Conviction +10 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 22.4% — wide

≥10,000

OI 24,953 — adequate

≥500

Volume 513/day — adequate

≤$0.50

$1.12 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 85% — much wider than sector

≥100 contracts

Depth 728.5 contracts (bid:320.5 ask:408.0) — deep

<1.0%

Avg slippage 7.57% — poor

Timing

Is now a good time?

6.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -22.1% — contango

<30 or >70

IV percentile 65% — neutral

≥10pts kink

IV kink -7.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 1132.16 — 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 +10% @ 55% consistency — unclear

≥40 composite score

Score 50 (ITM 20% + inst 20%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.6
bullishIV fair, bullish flow
Long Puts4.3
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.4
bullishIV fair, bullish flow
Covered Call4.1
bearishIV fair, bullish 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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