AInvestOption Pilot Program
Options/URNM
U

URNMSprott Uranium Miners ETF

Options Analysis Report
AUM $2.2B|ARCX
● 2026-08-31$56.66
BULLISH
Analysis: 2026-08-28 EOD data
1Y +10.2%YTD -6.3%7D -3.5%
2,375
30D
±11.6%
0%

URNM Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

6.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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URNM Gamma Walls

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Value

Is IV priced right?

6.4
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 70.3% — elevated vs history

<1.05x

IV/HV 0.91x — IV ≤ HV

Sector Relative≤50%

Sector percentile 83% — above sector median

<1.1x

Front/Back 0.88x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 44.9% — normal range

<80%

Effective IV 63.9% (ATM 44.9% + spread 9.5% + bias) — good value

<3.0%

Total drag 15.11% (spread 9.52% + slippage 5.59%) — high friction

≥5.0

Vega efficiency 14.49 (vega 13.798 / spread 9.52%) — efficient

Sentiment

Bullish or bearish?

7.5
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBullish - Strong signal (Conviction: +29%, Raw: +13%)
|net sentiment| ≥25%

Conviction-weighted: +29% (bullish) — Raw: +13%

≥15%

|OI skew| 83.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +44.5%, OI skew +83.9% — 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: +40%, OTM: +10% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

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

Activity

Unusual activity?

4.5
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 2.1x avg — hot

≥15%

Vol/OI 1.6% — normal turnover

≥2 days

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

≥5%

OI change +1.5% (5d) — stable

Sector Relative≥60%

Sector activity percentile 41% — neutral vs sector

≥30%

Large trade volume 21% — mixed

≥60%

Aggressive execution 28% — patient

≥30

Conviction +29 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.0
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 9.5% — wide

≥10,000

OI 150,266 — deep

≥500

Volume 2,375/day — adequate

≤$0.50

$0.48 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 87% — much wider than sector

≥100 contracts

Depth 296.7 contracts (bid:149.7 ask:147.0) — adequate

<1.0%

Avg slippage 5.59% — poor

Timing

Is now a good time?

7.7
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope -12.5% — contango

<30 or >70

IV percentile 70% — seller opportunity

≥10pts kink

IV kink -4.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 549.73 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +29% @ 64% consistency — moderate (bullish)

≥40 composite score

Score 51 (ITM 20% + inst 21%) — moderate institutional

Directional Strategy Fit

Option Buyers
Long Calls7.4
bullishIV cheap, bullish flow
Long Puts4.9
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV too cheap, bullish flow
Covered Call3.9
bearishIV too cheap, 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 URNM

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