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WEXWEX Inc.

Options Analysis Report•SERVICES-BUSINESS SERVICES, NEC
Market Cap $6.7B|NYSE
● 2026-08-31$197.32
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +16.7%YTD +33.0%7D -2.9%
156
30D
±9.4%
4%

WEX Options Overview

unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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WEX Gamma Walls

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Value

Is IV priced right?

7.0
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 59.7% — elevated vs history

<1.05x

IV/HV 1.33x — IV premium over HV

Sector Relative≤50%

Sector percentile 15% — below sector median

<1.1x

Front/Back 0.81x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 37.5% — normal range

<80%

Effective IV 57.6% (ATM 37.5% + spread 10.1% + bias) — good value

<3.0%

Total drag 12.47% (spread 10.06% + slippage 2.41%) — high friction

≥5.0

Vega efficiency 36.79 (vega 37.012 / spread 10.06%) — efficient

Sentiment

Bullish or bearish?

3.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -60%, Raw: -13%)
|net sentiment| ≥25%

Conviction-weighted: -60% (strong bearish) — Raw: -13%

≥15%

|OI skew| 4.9% — balanced

Same sign, |vol skew| ≥10%

Vol skew -1.3%, OI skew -4.9% — weak (same direction)

≥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: -100%, OTM: +74% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 77% — very bearish vs sector

Activity

Unusual activity?

5.2
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 2.4x avg — hot

≥15%

Vol/OI 7.0% — normal turnover

≥2 days

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

≥5%

OI change +1.3% (5d) — stable

Sector Relative≥60%

Sector activity percentile 76% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 26% — patient

≥30

Conviction -60 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.4
IlliquidLiquid

Evaluates

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

Risk Checks0/8 checks passed
≤5.0%

Spread 10.1% — wide

≥10,000

OI 2,236 — thin

≥500

Volume 156/day — thin

≤$0.50

$0.50 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 49% — neutral vs sector

≥100 contracts

Depth 22.4 contracts (bid:10.8 ask:11.6) — thin

<1.0%

Avg slippage 2.41% — poor

Timing

Is now a good time?

7.1
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -19.1% — contango

<30 or >70

IV percentile 60% — neutral

≥10pts kink

IV kink -5.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 409.42 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -60% @ 80% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.2
bullishIV cheap, bearish flow
Long Puts6.3
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put3.9
bullishIV too cheap, bearish flow
Covered Call5.0
bearishIV too cheap, bearish 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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