Options/SOC

SOCSable Offshore Corp.

Options Analysis Report•CRUDE PETROLEUM & NATURAL GAS

Market Cap $861M|NYSE

● 2026-08-31$4.49

BULLISH

Analysis: 2026-08-28 EOD data

1Y -80.5%YTD -61.7%7D -7.8%

Options Vol

10,131

30D

Implied Move

±29.5%

IV Rank

42%

SOC Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

Loading score history...

SOC Gamma Walls

Loading gamma walls...

SOC Hedge Radar

No action needed

Full Hedge Radar

Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where SOC sits on protection cost vs. fragility today.

Protection is priced in the cheap band (3.86) — downside puts carry 3.5 IV points LESS than at-the-money, and the move being priced is 1.29x this name's own median 20-trading-day move, measured against this name's own rolling 20-trading-day realized moves (484 overlapping windows). Fragility reads resilient (2.94): its realized-vol regime is contracting, and it is trading 3% above its hedge wall on a wall graded MEDIUM for reliability.

Protection cost

3.86/ 10cheap

Basis: cross_sectional

Fragility

2.94/ 10resilient

Basis: per_ticker

Value

Is IV priced right?

3.8

ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 95.1% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 98% — above sector median

Term Structure

<1.1x

Front/Back 0.92x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 93.4% — crisis-level IV

Spread-Adjusted Value

<80%

Effective IV 126.3% (ATM 93.4% + spread 16.4% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 23.79% (spread 16.45% + slippage 7.34%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.06 (vega 0.093 / spread 16.45%) — spread drag

Sentiment

Bullish or bearish?

6.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Moderate signal (Conviction: +55%, Raw: +51%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +55% (strong bullish) — Raw: +51%

OI Skew Magnitude

≥15%

|OI skew| 54.5% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -33.4%, OI skew +54.5% — divergent (opposite)

Conviction Quality

≥2/3 conditions

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

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +22%, ATM: +1%, OTM: +64% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish vs sector

Activity

Unusual activity?

4.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 0.8x avg — normal

Turnover Rate

≥15%

Vol/OI 2.5% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +8.2% (5d) — building

Sector Relative≥60%

Sector activity percentile 74% — active vs sector

Trade Quality

≥30%

Large trade volume 64% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 34% — patient

Flow Conviction

≥30

Conviction +55 (bullish) — strong conviction

Liquidity

Can I trade efficiently?

3.6

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.4% — wide

Adequate OI

≥10,000

OI 410,690 — deep

Active Volume

≥500

Volume 10,131/day — active

Reasonable Cost

≤$0.50

$0.82 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

Order Book Depth

≥100 contracts

Depth 752.0 contracts (bid:462.9 ask:289.1) — deep

Execution Quality

<1.0%

Avg slippage 7.34% — poor

Timing

Is now a good time?

8.1

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -7.6% — contango

IV Percentile Clarity

<30 or >70

IV percentile 95% — seller opportunity

Event Detection

≥10pts kink

IV kink -4.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 5.36 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +55% @ 78% consistency — STRONG directional (bullish)

Smart Money Timing

≥40 composite score

Score 94 (ITM 20% + inst 64%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.3

bullishIV expensive, bullish flow

Long Puts4.4

bearishIV expensive, bullish flow

Premium Sellers

Cash-Secured Put6.0

bullishIV rich premium, bullish flow

Covered Call5.1

bearishIV rich premium, 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 SOC

SOC gamma walls SOC max pain SOC IV rank SOC options flow