AInvestOption Pilot Program
Options/YANG
Y

YANGDirexion Daily FTSE China Bear 3X ETF

Options Analysis Report
AUM $104M|ARCX
● 2026-08-31$28.50
BULLISH
Analysis: 2026-08-28 EOD data
1Y +13.4%YTD +28.3%7D +0.5%
55
30D
±16.3%
9%

YANG Options Overview

IV is elevated with bullish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.4VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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YANG Gamma Walls

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Value

Is IV priced right?

3.7
ExpensiveCheap

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

levels.

Risk Checks3/9 checks passed
≤35%

IV Rank 86.5% — elevated vs history

<1.05x

IV/HV 1.55x — IV premium over HV

Sector Relative≤50%

Sector percentile 92% — above sector median

<1.1x

Front/Back 0.85x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 64.9% — normal range

<80%

Effective IV 128.3% (ATM 64.9% + spread 31.7% + bias) — expensive

<3.0%

Total drag 41.85% (spread 31.68% + slippage 10.17%) — high friction

≥5.0

Vega efficiency 1.28 (vega 4.050 / spread 31.68%) — spread drag

Sentiment

Bullish or bearish?

6.7
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +6%, Raw: +10%)
|net sentiment| ≥25%

Conviction-weighted: +6% (neutral) — Raw: +10%

≥15%

|OI skew| 37.3% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +38.2%, OI skew +37.3% — 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: +71%, ATM: -88%, OTM: +47% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 18% — very bullish vs sector

Activity

Unusual activity?

1.8
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.3% — normal turnover

≥2 days

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

≥5%

OI change +3.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 13% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 16% — patient

≥30

Conviction +6 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.6
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 31.7% — wide

≥10,000

OI 17,154 — adequate

≥500

Volume 55/day — thin

≤$0.50

$1.58 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 94% — much wider than sector

≥100 contracts

Depth 490.4 contracts (bid:273.8 ask:216.6) — adequate

<1.0%

Avg slippage 10.17% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

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

Slope -15.1% — contango

<30 or >70

IV percentile 86% — seller opportunity

≥10pts kink

IV kink -7.7pts — no clear event

<0.5 or >2.0

θ/ν ratio 203.53 — 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 +6% @ 52% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls6.1
bullishIV expensive, bullish flow
Long Puts3.9
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put5.9
bullishIV rich premium, bullish flow
Covered Call4.7
bearishIV rich premium, 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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