AGQProShares Ultra Silver
AGQ Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
AGQ Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 94.1% — elevated vs history
IV/HV 1.08x — IV premium over HV
Sector percentile 94% — above sector median
Front/Back 1.05x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 93.0% — crisis-level IV
Effective IV 120.3% (ATM 93.0% + spread 13.6% + bias) — expensive
Total drag 18.03% (spread 13.63% + slippage 4.40%) — high friction
Vega efficiency 5.30 (vega 7.227 / spread 13.63%) — acceptable
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +9% (neutral) — Raw: +3%
|OI skew| 55.4% — call-heavy
Vol skew +37.2%, OI skew +55.4% — aligned
0-DTE 52%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +21%, ATM: +29%, OTM: -11% — bullish (ITM/ATM aligned)
Sector P/C percentile 18% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 8.3% — normal turnover
1 day(s) elevated — may be one-day event
OI change +0.8% (5d) — stable
Sector activity percentile 80% — very active vs sector
Large trade volume 5% — mostly retail
Aggressive execution 15% — patient
Conviction +9 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 13.6% — wide
OI 116,750 — deep
Volume 9,671/day — active
$0.68 to cross — expensive
3 liquid strikes — limited options
Sector spread percentile 95% — much wider than sector
Depth 150.7 contracts (bid:74.0 ask:76.7) — adequate
Avg slippage 4.40% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +5.4% — backwardation
IV percentile 94% — seller opportunity
IV kink 4.1pts — no clear event
θ/ν ratio 39.34 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +9% @ 54% consistency — unclear
Score 35 (ITM 20% + inst 5%) — retail dominated
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, 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.