AInvestOption Pilot Program
Options/SQQQ
S

SQQQProShares UltraPro Short QQQ

Options Analysis Report
AUM $1.9B|NASDAQ
● 2026-08-31$38.54
BULLISH
Analysis: 2026-08-28 EOD data
1Y -58.1%YTD -44.1%7D -4.1%
132,930
30D
±14.3%
6%

SQQQ Options Overview

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

REWARDS

RISK ANALYSIS

6.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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SQQQ Gamma Walls

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Value

Is IV priced right?

5.6
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 79.6% — elevated vs history

<1.05x

IV/HV 0.97x — IV ≤ HV

Sector Relative≤50%

Sector percentile 88% — above sector median

<1.1x

Front/Back 0.64x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 54.2% — normal range

<80%

Effective IV 75.4% (ATM 54.2% + spread 10.6% + bias) — fair

<3.0%

Total drag 16.55% (spread 10.62% + slippage 5.93%) — high friction

≥5.0

Vega efficiency 0.25 (vega 0.267 / spread 10.62%) — spread drag

Sentiment

Bullish or bearish?

7.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +19%, Raw: +18%)
|net sentiment| ≥25%

Conviction-weighted: +19% (bullish) — Raw: +18%

≥15%

|OI skew| 43.6% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +59.7%, OI skew +43.6% — 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: +3%, OTM: +36% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 12% — very bullish vs sector

Activity

Unusual activity?

7.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks5/8 checks passed
≥1.5x

Volume 1.7x avg — elevated

≥15%

Vol/OI 26.9% — high turnover

≥2 days

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

≥5%

OI change +23.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 94% — very active vs sector

≥30%

Large trade volume 38% — institutional presence

≥60%

Aggressive execution 60% — patient

≥30

Conviction +19 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.6
IlliquidLiquid

Evaluates

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

Risk Checks3/8 checks passed
≤5.0%

Spread 10.6% — wide

≥10,000

OI 494,740 — deep

≥500

Volume 132,930/day — active

≤$0.50

$0.53 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

≥100 contracts

Depth 2,128.5 contracts (bid:1,030.2 ask:1,098.3) — deep

<1.0%

Avg slippage 5.93% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -35.7% — contango

<30 or >70

IV percentile 80% — seller opportunity

≥10pts kink

IV kink -14.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 9.54 — 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 +19% @ 59% consistency — unclear

≥40 composite score

Score 68 (ITM 20% + inst 38%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls6.9
bullishIV fair, bullish flow
Long Puts4.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.9
bullishIV fair, bullish flow
Covered Call4.4
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.

More on SQQQ

SQQQ gamma wallsSQQQ max painSQQQ IV rankSQQQ options flow