AInvestOption Pilot Program
Options/SPCH
S

SPCHLeverage Shares 2X Long SPCX Daily ETF

Options Analysis Report
AUM $317M|BATS
● 2026-08-31$9.12
BULLISH
Analysis: 2026-08-28 EOD data
1Y -56.3%YTD -56.3%7D +9.6%
11,258
30D
±26.6%
0%

SPCH Options Overview

IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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SPCH Gamma Walls

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Value

Is IV priced right?

4.9
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 95.5% — elevated vs history

<1.05x

IV/HV 0.48x — IV ≤ HV

Sector Relative≤50%

Sector percentile 97% — above sector median

<1.1x

Front/Back 0.83x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 96.1% — crisis-level IV

<80%

Effective IV 126.8% (ATM 96.1% + spread 15.3% + bias) — expensive

<3.0%

Total drag 25.02% (spread 15.33% + slippage 9.69%) — high friction

≥5.0

Vega efficiency 0.85 (vega 1.299 / spread 15.33%) — spread drag

Sentiment

Bullish or bearish?

6.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Strong signal (Conviction: -4%, Raw: +2%)
|net sentiment| ≥25%

Conviction-weighted: -4% (neutral) — Raw: +2%

≥15%

|OI skew| 25.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +39.7%, OI skew +25.1% — 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: -26%, ATM: +2%, OTM: +11% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 17% — very bullish vs sector

Activity

Unusual activity?

4.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 14.0% — normal turnover

≥2 days

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

≥5%

OI change +17.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 88% — very active vs sector

≥30%

Large trade volume 18% — mixed

≥60%

Aggressive execution 48% — patient

≥30

Conviction -4 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.5
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 15.3% — wide

≥10,000

OI 80,711 — deep

≥500

Volume 11,258/day — active

≤$0.50

$0.77 to cross — expensive

≥5 strikes

1 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 98% — much wider than sector

≥100 contracts

Depth 1,646.1 contracts (bid:991.8 ask:654.3) — deep

<1.0%

Avg slippage 9.69% — poor

Timing

Is now a good time?

7.5
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -16.9% — contango

<30 or >70

IV percentile 96% — seller opportunity

≥10pts kink

IV kink -10.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 98.41 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -4% @ 52% consistency — unclear

≥40 composite score

Score 48 (ITM 20% + inst 18%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls6.5
bullishIV fair, bullish flow
Long Puts4.6
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.6
bullishIV fair, bullish flow
Covered Call4.6
bearishIV fair, 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.

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