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SONOSonos, Inc. Common Stock

Options Analysis Report•HOUSEHOLD AUDIO & VIDEO EQUIPMENT
Market Cap $1.8B|NASDAQ
● 2026-08-31$15.30
BULLISH
Analysis: 2026-08-28 EOD data
1Y +11.4%YTD -12.5%7D -0.7%
58
30D
±10.1%
10%

SONO Options Overview

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

REWARDS

RISK ANALYSIS

5.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SONO Gamma Walls

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Value

Is IV priced right?

6.3
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 71.4% — elevated vs history

<1.05x

IV/HV 0.88x — IV ≤ HV

Sector Relative≤50%

Sector percentile 33% — below sector median

<1.1x

Front/Back 0.70x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 45.9% — normal range

<80%

Effective IV 114.4% (ATM 45.9% + spread 34.3% + bias) — expensive

<3.0%

Total drag 40.67% (spread 34.27% + slippage 6.40%) — high friction

≥5.0

Vega efficiency 0.96 (vega 3.278 / spread 34.27%) — spread drag

Sentiment

Bullish or bearish?

7.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +18%, Raw: +24%)
|net sentiment| ≥25%

Conviction-weighted: +18% (bullish) — Raw: +24%

≥15%

|OI skew| 68.7% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +72.4%, OI skew +68.7% — 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: +7%, ATM: +0%, OTM: +33% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 23% — very bullish vs sector

Activity

Unusual activity?

1.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.4% — normal turnover

≥2 days

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

≥5%

OI change +0.3% (5d) — stable

Sector Relative≥60%

Sector activity percentile 12% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 17% — patient

≥30

Conviction +18 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 34.3% — wide

≥10,000

OI 15,058 — adequate

≥500

Volume 58/day — thin

≤$0.50

$1.71 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 60% — neutral vs sector

≥100 contracts

Depth 367.0 contracts (bid:267.9 ask:99.1) — adequate

<1.0%

Avg slippage 6.40% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -29.5% — contango

<30 or >70

IV percentile 71% — seller opportunity

≥10pts kink

IV kink -12.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 420.23 — 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 +18% @ 60% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls7.1
bullishIV cheap, bullish flow
Long Puts4.7
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.2
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 SONO

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