Options/URA

URAGlobal X Uranium ETF

Options Analysis Report

AUM $6.5B|ARCX

● 2026-08-31$45.57

BULLISH

Analysis: 2026-08-28 EOD data

1Y +12.2%YTD -1.1%7D -0.3%

Options Vol

17,941

30D

Implied Move

±12.2%

IV Rank

URA Options Overview

bullish flow with unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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URA Gamma Walls

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URA Hedge Radar

Neutral

Full Hedge Radar

Neither score is at an extreme today. Neither axis is a forecast — this is where URA sits on protection cost vs. fragility today.

Protection is priced in the cheap band (1.61) — downside puts carry 0.1 IV points more than at-the-money, and implied vol sits in the 2th percentile of its own past year, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads neutral (5.69): it is trading 4% below its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.

Protection cost

1.61/ 10cheap

Basis: cross_sectional

Fragility

5.69/ 10neutral

Basis: per_ticker

Value

Is IV priced right?

5.9

ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 66.6% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.91x — IV ≤ HV

Sector Relative≤50%

Sector percentile 81% — above sector median

Term Structure

<1.1x

Front/Back 0.93x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 42.3% — normal range

Spread-Adjusted Value

<80%

Effective IV 67.8% (ATM 42.3% + spread 12.8% + bias) — fair

Execution Efficiency

<3.0%

Total drag 18.40% (spread 12.75% + slippage 5.65%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.63 (vega 0.801 / spread 12.75%) — spread drag

Sentiment

Bullish or bearish?

7.7

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +34%, Raw: +30%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +34% (strong bullish) — Raw: +30%

OI Skew Magnitude

≥15%

|OI skew| 11.7% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +46.8%, OI skew +11.7% — 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: +65%, ATM: -23%, OTM: +39% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 16% — very bullish vs sector

Activity

Unusual activity?

5.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed

Volume Surge

≥1.5x

Volume 1.3x avg — normal

Turnover Rate

≥15%

Vol/OI 4.8% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +5.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 68% — active vs sector

Trade Quality

≥30%

Large trade volume 40% — institutional presence

Execution Urgency

≥60%

Aggressive execution 31% — patient

Flow Conviction

≥30

Conviction +34 (bullish) — moderate

Liquidity

Can I trade efficiently?

3.9

IlliquidLiquid

Evaluates

bid-ask spreads

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

Risk Checks3/8 checks passed

Tradeable Spread

≤5.0%

Spread 12.8% — wide

Adequate OI

≥10,000

OI 370,769 — deep

Active Volume

≥500

Volume 17,941/day — active

Reasonable Cost

≤$0.50

$0.64 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 86% — much wider than sector

Order Book Depth

≥100 contracts

Depth 871.7 contracts (bid:467.9 ask:403.8) — deep

Execution Quality

<1.0%

Avg slippage 5.65% — poor

Timing

Is now a good time?

7.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -7.2% — contango

IV Percentile Clarity

<30 or >70

IV percentile 67% — neutral

Event Detection

≥10pts kink

IV kink -1.5pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 4.66 — 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 +34% @ 67% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

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

Directional Strategy Fit

Option Buyers

Long Calls7.3

bullishIV fair, bullish flow

Long Puts4.6

bearishIV fair, bullish flow

Premium Sellers

Cash-Secured Put5.9

bullishIV fair, bullish flow

Covered Call4.0

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 URA

URA gamma walls URA max pain URA IV rank URA options flow