AUAngloGold Ashanti plc
AU Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
AU Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 77.3% — elevated vs history
IV/HV 0.89x — IV ≤ HV
Sector percentile 68% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 55.1% — normal range
Effective IV 85.0% (ATM 55.1% + spread 14.9% + bias) — expensive
Total drag 21.73% (spread 14.93% + slippage 6.80%) — high friction
Vega efficiency 14.30 (vega 21.355 / spread 14.93%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +53% (strong bullish) — Raw: +39%
|OI skew| 29.6% — put-heavy
Vol skew +14.4%, OI skew -29.6% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -39%, ATM: -12%, OTM: +50% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 60% — bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 2.2% — normal turnover
1 day(s) elevated — may be one-day event
OI change +2.3% (5d) — building
Sector activity percentile 59% — neutral vs sector
Large trade volume 25% — mixed
Aggressive execution 38% — patient
Conviction +53 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 14.9% — wide
OI 90,527 — deep
Volume 1,978/day — adequate
$0.75 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 91.9 contracts (bid:44.9 ask:47.0) — thin
Avg slippage 6.80% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -2.7% — flat/unclear
IV percentile 77% — seller opportunity
IV kink 1.4pts — no clear event
θ/ν ratio 320.16 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +53% @ 76% consistency — STRONG directional (bullish)
Score 55 (ITM 20% + inst 25%) — moderate institutional
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.