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SFMSprouts Farmers Market, Inc.

Options Analysis Report•RETAIL-GROCERY STORES
Market Cap $7.6B|NASDAQ
● 2026-08-31$81.46
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y -41.2%YTD +1.0%7D -5.4%
1,235
30D
±12.6%
11%

SFM Options Overview

IV is elevated with bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SFM Gamma Walls

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Value

Is IV priced right?

6.1
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 71.5% — elevated vs history

<1.05x

IV/HV 1.03x — IV ≤ HV

Sector Relative≤50%

Sector percentile 82% — above sector median

<1.1x

Front/Back 0.91x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 46.0% — normal range

<80%

Effective IV 74.4% (ATM 46.0% + spread 14.2% + bias) — fair

<3.0%

Total drag 19.97% (spread 14.22% + slippage 5.75%) — high friction

≥5.0

Vega efficiency 8.16 (vega 11.601 / spread 14.22%) — efficient

Sentiment

Bullish or bearish?

3.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -26%, Raw: -17%)
|net sentiment| ≥25%

Conviction-weighted: -26% (bearish) — Raw: -17%

≥15%

|OI skew| 36.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -50.6%, OI skew +36.2% — divergent (opposite)

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +16%, ATM: -38%, OTM: +12% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish 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 +15.5% (5d) — building

Sector Relative≥60%

Sector activity percentile 49% — neutral vs sector

≥30%

Large trade volume 15% — mixed

≥60%

Aggressive execution 27% — patient

≥30

Conviction -26 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.1
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 14.2% — wide

≥10,000

OI 61,568 — deep

≥500

Volume 1,235/day — adequate

≤$0.50

$0.71 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

≥100 contracts

Depth 123.0 contracts (bid:59.6 ask:63.4) — adequate

<1.0%

Avg slippage 5.75% — poor

Timing

Is now a good time?

7.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope -8.8% — contango

<30 or >70

IV percentile 72% — seller opportunity

≥10pts kink

IV kink -0.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 240.18 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -26% @ 63% consistency — moderate (bearish)

≥40 composite score

Score 45 (ITM 20% + inst 15%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls4.9
bullishIV cheap, bearish flow
Long Puts6.0
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.2
bullishIV too cheap, bearish flow
Covered Call5.2
bearishIV too cheap, 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.

More on SFM

SFM gamma wallsSFM max painSFM IV rankSFM options flow