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SHELShell plc American Depositary Shares (Each represents two Ordinary shares)

Options Analysis Report
Market Cap $250.2B|NYSE
● 2026-08-31$90.91
BULLISH
Analysis: 2026-08-28 EOD data
1Y +23.2%YTD +20.5%7D -2.2%
5,029
30D
±6.1%
8%

SHEL Options Overview

IV is low with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

6.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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SHEL Gamma Walls

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Value

Is IV priced right?

8.4
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 26.8% — cheap vs history

<1.05x

IV/HV 1.23x — IV premium over HV

Sector Relative≤50%

Sector percentile 8% — below sector median

<1.1x

Front/Back 0.86x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 21.9% — normal range

<80%

Effective IV 36.1% (ATM 21.9% + spread 7.1% + bias) — excellent value

<3.0%

Total drag 9.67% (spread 7.08% + slippage 2.59%) — high friction

≥5.0

Vega efficiency 9.82 (vega 6.951 / spread 7.08%) — efficient

Sentiment

Bullish or bearish?

6.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +1%, Raw: +0%)
|net sentiment| ≥25%

Conviction-weighted: +1% (neutral) — Raw: +0%

≥15%

|OI skew| 28.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +50.6%, OI skew +28.1% — 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: -31%, ATM: -9%, OTM: +6% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 45% — bullish vs sector

Activity

Unusual activity?

3.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 2.1% — normal turnover

≥2 days

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

≥5%

OI change +5.0% (5d) — building

Sector Relative≥60%

Sector activity percentile 66% — active vs sector

≥30%

Large trade volume 13% — mostly retail

≥60%

Aggressive execution 43% — patient

≥30

Conviction +1 (bullish) — mixed

Liquidity

Can I trade efficiently?

5.0
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 7.1% — wide

≥10,000

OI 237,944 — deep

≥500

Volume 5,029/day — active

≤$0.50

$0.35 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 42% — neutral vs sector

≥100 contracts

Depth 315.2 contracts (bid:126.6 ask:188.6) — adequate

<1.0%

Avg slippage 2.59% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -13.9% — contango

<30 or >70

IV percentile 27% — buyer opportunity

≥10pts kink

IV kink -1.9pts — no clear event

<0.5 or >2.0

θ/ν ratio 88.55 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +1% @ 51% consistency — unclear

≥40 composite score

Score 43 (ITM 20% + inst 13%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls7.6
bullishIV cheap, bullish flow
Long Puts5.9
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, bullish flow
Covered Call3.7
bearishIV too cheap, 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.

More on SHEL

SHEL gamma wallsSHEL max painSHEL IV rankSHEL options flow