Options/XPEV

XPEVXPeng Inc. American depositary shares, each representing two Class A ordinary shares

Options Analysis Report

Market Cap $11.0B|NYSE

● 2026-08-31$11.53

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y -44.5%YTD -43.6%7D +3.4%

Options Vol

30,128

30D

Implied Move

±14.0%

IV Rank

XPEV Options Overview

IV is elevated with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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XPEV Gamma Walls

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Value

Is IV priced right?

6.0

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 71.9% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.90x — IV ≤ HV

Sector Relative≤50%

Sector percentile 69% — above sector median

Term Structure

<1.1x

Front/Back 0.86x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 46.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 73.7% (ATM 46.4% + spread 13.6% + bias) — fair

Execution Efficiency

<3.0%

Total drag 22.14% (spread 13.63% + slippage 8.51%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 13.63%) — spread drag

Sentiment

Bullish or bearish?

5.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bullish - Strong signal (Conviction: +39%, Raw: +27%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +39% (strong bullish) — Raw: +27%

OI Skew Magnitude

≥15%

|OI skew| 50.7% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -53.3%, OI skew +50.7% — divergent (opposite)

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: +46%, ATM: +7%, OTM: -28% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish vs sector

Activity

Unusual activity?

4.7

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed

Volume Surge

≥1.5x

Volume 0.8x avg — normal

Turnover Rate

≥15%

Vol/OI 5.1% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change -1.2% (5d) — stable

Sector Relative≥60%

Sector activity percentile 77% — active vs sector

Trade Quality

≥30%

Large trade volume 75% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 52% — patient

Flow Conviction

≥30

Conviction +39 (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 13.6% — wide

Adequate OI

≥10,000

OI 592,885 — deep

Active Volume

≥500

Volume 30,128/day — active

Reasonable Cost

≤$0.50

$0.68 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 83% — much wider than sector

Order Book Depth

≥100 contracts

Depth 622.4 contracts (bid:313.9 ask:308.5) — deep

Execution Quality

<1.0%

Avg slippage 8.51% — poor

Timing

Is now a good time?

7.4

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -13.5% — contango

IV Percentile Clarity

<30 or >70

IV percentile 72% — seller opportunity

Event Detection

≥10pts kink

IV kink -5.8pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +39% @ 69% consistency — moderate (bullish)

Smart Money Timing

≥40 composite score

Score 105 (ITM 20% + inst 75%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls5.8

bullishIV cheap, mixed flow

Long Puts5.3

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put5.1

bullishIV too cheap, mixed flow

Covered Call4.6

bearishIV too cheap, 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.

More on XPEV

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