ALABAstera Labs, Inc. Common Stock
ALAB Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
ALAB Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 91.5% — elevated vs history
IV/HV 1.18x — IV premium over HV
Sector percentile 87% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 81.1% — crisis-level IV
Effective IV 104.3% (ATM 81.1% + spread 11.6% + bias) — expensive
Total drag 19.36% (spread 11.58% + slippage 7.78%) — high friction
Vega efficiency 19.85 (vega 22.987 / spread 11.58%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +1% (neutral) — Raw: -4%
|OI skew| 8.9% — balanced
Vol skew +15.9%, OI skew +8.9% — aligned
0-DTE 38%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -5%, ATM: -8%, OTM: -2% — neutral (ITM/ATM aligned)
Sector P/C percentile 56% — bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 5.6% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.0% (5d) — stable
Sector activity percentile 77% — active vs sector
Large trade volume 1% — mostly retail
Aggressive execution 18% — patient
Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 11.6% — wide
OI 248,258 — deep
Volume 13,815/day — active
$0.58 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 92% — much wider than sector
Depth 82.3 contracts (bid:36.4 ask:45.9) — thin
Avg slippage 7.78% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -5.2% — contango
IV percentile 92% — seller opportunity
IV kink -4.1pts — no clear event
θ/ν ratio 34.66 — favors income trades
5 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +1% @ 51% consistency — unclear
Score 31 (ITM 20% + inst 1%) — 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.