AInvestOption Pilot Program
Options/UUP
U

UUPInvesco DB US Dollar Index Bullish Fund

Options Analysis Report•COMMODITY CONTRACTS BROKERS & DEALERS
AUM $299M|ARCX
● 2026-08-31$28.18
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +2.3%YTD +3.9%7D +0.8%
1,414
30D
±2.7%
20%

UUP Options Overview

IV is low with bullish flow. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for option buyers

Learn
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UUP Gamma Walls

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Value

Is IV priced right?

6.2
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 2.2% — cheap vs history

<1.05x

IV/HV 1.75x — IV premium over HV

Sector Relative≤50%

Sector percentile 4% — below sector median

<1.1x

Front/Back 0.72x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 8.8% — normal range

<80%

Effective IV 105.7% (ATM 8.8% + spread 48.4% + bias) — expensive

<3.0%

Total drag 64.60% (spread 48.44% + slippage 16.16%) — high friction

≥5.0

Vega efficiency 0.41 (vega 1.968 / spread 48.44%) — spread drag

Sentiment

Bullish or bearish?

6.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -11%, Raw: -8%)
|net sentiment| ≥25%

Conviction-weighted: -11% (bearish) — Raw: -8%

≥15%

|OI skew| 35.1% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +30.0%, OI skew +35.1% — 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: +100%, ATM: -27%, OTM: +59% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 20% — very bullish vs sector

Activity

Unusual activity?

2.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 1.2x avg — normal

≥15%

Vol/OI 0.9% — normal turnover

≥2 days

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

≥5%

OI change +0.5% (5d) — stable

Sector Relative≥60%

Sector activity percentile 29% — below sector avg

≥30%

Large trade volume 8% — mostly retail

≥60%

Aggressive execution 42% — patient

≥30

Conviction -11 (bearish) — mixed

Liquidity

Can I trade efficiently?

3.7
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 48.4% — wide

≥10,000

OI 155,181 — deep

≥500

Volume 1,414/day — adequate

≤$0.50

$2.42 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 27% — tighter than sector

≥100 contracts

Depth 238.2 contracts (bid:91.7 ask:146.5) — adequate

<1.0%

Avg slippage 16.16% — poor

Timing

Is now a good time?

7.2
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -27.9% — contango

<30 or >70

IV percentile 2% — buyer opportunity

≥10pts kink

IV kink -1.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 457.77 — 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 -11% @ 56% consistency — unclear

≥40 composite score

Score 38 (ITM 20% + inst 8%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls5.9
bullishIV cheap, bullish flow
Long Puts5.2
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.1
bullishIV too cheap, bullish flow
Covered Call4.3
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.

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