AInvestOption Pilot Program
Options/SOXX
S

SOXXiShares Semiconductor ETF

Options Analysis Report
AUM $41.7B|NASDAQ
● 2026-08-31$508.62
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +109.5%YTD +62.1%7D +0.5%
59,454
30D
±10.4%
17%

SOXX Options Overview

bearish flow with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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SOXX 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 60.6% — elevated vs history

<1.05x

IV/HV 0.94x — IV ≤ HV

Sector Relative≤50%

Sector percentile 78% — above sector median

<1.1x

Front/Back 0.81x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 38.1% — normal range

<80%

Effective IV 59.9% (ATM 38.1% + spread 10.9% + bias) — good value

<3.0%

Total drag 16.38% (spread 10.89% + slippage 5.49%) — high friction

≥5.0

Vega efficiency 23.61 (vega 25.712 / spread 10.89%) — efficient

Sentiment

Bullish or bearish?

3.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -2%, Raw: -6%)
|net sentiment| ≥25%

Conviction-weighted: -2% (neutral) — Raw: -6%

≥15%

|OI skew| 8.8% — balanced

Same sign, |vol skew| ≥10%

Vol skew -32.9%, OI skew -8.8% — 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: -10%, ATM: -18%, OTM: -2% — bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 93% — very bearish vs sector

Activity

Unusual activity?

4.6
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 1.2x avg — normal

≥15%

Vol/OI 10.5% — normal turnover

≥2 days

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

≥5%

OI change -53.0% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 84% — very active vs sector

≥30%

Large trade volume 40% — institutional presence

≥60%

Aggressive execution 30% — patient

≥30

Conviction -2 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.7
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 10.9% — wide

≥10,000

OI 565,504 — deep

≥500

Volume 59,454/day — active

≤$0.50

$0.54 to cross — expensive

≥5 strikes

2 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 83% — much wider than sector

≥100 contracts

Depth 315.0 contracts (bid:155.1 ask:159.9) — adequate

<1.0%

Avg slippage 5.49% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -18.8% — contango

<30 or >70

IV percentile 61% — neutral

≥10pts kink

IV kink -5.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 40.27 — favors income trades

≥3 expirations

5 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -2% @ 51% consistency — unclear

≥40 composite score

Score 70 (ITM 20% + inst 40%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.1
bullishIV cheap, bearish flow
Long Puts6.2
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.4
bullishIV too cheap, bearish flow
Covered Call5.4
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 SOXX

SOXX gamma wallsSOXX max painSOXX IV rankSOXX options flow