BILLBILL Holdings, Inc.
BILL Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
BILL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 76.7% — elevated vs history
IV/HV 1.31x — IV premium over HV
Sector percentile 44% — below sector median
Front/Back 0.89x — contango
Put/Call IV 1.16x — elevated
ATM IV 54.4% — normal range
Effective IV 95.0% (ATM 54.4% + spread 20.3% + bias) — expensive
Total drag 25.97% (spread 20.29% + slippage 5.68%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 20.29%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -20% (bearish) — Raw: -25%
|OI skew| 36.2% — call-heavy
Vol skew +81.8%, OI skew +36.2% — aligned
0-DTE 71%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +1%, ATM: +33%, OTM: -66% — bullish (ITM/ATM aligned)
Sector P/C percentile 13% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 1.1% — normal turnover
1 day(s) elevated — may be one-day event
OI change -1.7% (5d) — stable
Sector activity percentile 40% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 17% — patient
Conviction -20 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 20.3% — wide
OI 60,761 — deep
Volume 682/day — adequate
$1.01 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 67% — wider than sector
Depth 85.1 contracts (bid:45.4 ask:39.7) — thin
Avg slippage 5.68% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -11.1% — contango
IV percentile 77% — seller opportunity
IV kink -3.1pts — no clear event
θ/ν ratio 1.00 — favors mixed
5 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -20% @ 60% consistency — unclear
Score 30 (ITM 20% + inst 0%) — 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.