Options/STRD

STRDStrategy Inc 10.00% Series A Perpetual Stride Preferred Stock

Options Analysis Report•FINANCE SERVICES

Market Cap: --|NASDAQ

● 2026-08-28$72.05

BULLISH

Analysis: 2026-08-27 EOD data

1Y -8.5%YTD -4.7%7D -0.6%

Options Vol

243

30D

Implied Move

±10.2%

IV Rank

14%

STRD Options Overview

bullish flow with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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STRD Gamma Walls

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Value

Is IV priced right?

5.1

ExpensiveCheap

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

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 43.1% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.07x — IV premium over HV

Sector Relative≤50%

Sector percentile 64% — above sector median

Term Structure

<1.1x

Front/Back 1.30x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 29.9% — normal range

Spread-Adjusted Value

<80%

Effective IV 139.4% (ATM 29.9% + spread 54.8% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 75.93% (spread 54.77% + slippage 21.16%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 1.97 (vega 10.801 / spread 54.77%) — spread drag

Sentiment

Bullish or bearish?

5.4

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -32%, Raw: -35%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -32% (strong bearish) — Raw: -35%

OI Skew Magnitude

≥15%

|OI skew| 66.9% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +49.0%, OI skew +66.9% — aligned

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: -78%, ATM: +35%, OTM: -68% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

5.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 2.5x avg — hot

Turnover Rate

≥15%

Vol/OI 13.5% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -44.3% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 87% — very active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 32% — patient

Flow Conviction

≥30

Conviction -32 (bearish) — moderate

Liquidity

Can I trade efficiently?

2.6

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 54.8% — wide

Adequate OI

≥10,000

OI 1,798 — thin

Active Volume

≥500

Volume 243/day — thin

Reasonable Cost

≤$0.50

$2.74 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 73% — wider than sector

Order Book Depth

≥100 contracts

Depth 140.3 contracts (bid:88.9 ask:51.4) — adequate

Execution Quality

<1.0%

Avg slippage 21.16% — poor

Timing

Is now a good time?

7.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +30.3% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 43% — neutral

Event Detection

≥10pts kink

IV kink 7.7pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 502.35 — favors income trades

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -32% @ 66% consistency — moderate (bearish)

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls5.2

bullishIV fair, mixed flow

Long Puts4.9

bearishIV fair, mixed flow

Premium Sellers

Cash-Secured Put5.0

bullishIV fair, mixed flow

Covered Call4.7

bearishIV fair, mixed 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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