CRKComstock Resources, Inc.
CRK Options Overview
IV is elevated with bullish flow and unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
CRK Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 74.3% — elevated vs history
IV/HV 1.01x — IV ≤ HV
Sector percentile 73% — above sector median
Front/Back 0.83x — contango
Put/Call IV 1.16x — elevated
ATM IV 52.2% — normal range
Effective IV 82.4% (ATM 52.2% + spread 15.1% + bias) — expensive
Total drag 20.58% (spread 15.12% + slippage 5.46%) — high friction
Vega efficiency 2.30 (vega 3.474 / spread 15.12%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -4% (neutral) — Raw: -4%
|OI skew| 37.1% — call-heavy
Vol skew +81.3%, OI skew +37.1% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -23%, ATM: +4%, OTM: +0% — bearish (ITM/ATM divergent)
Sector P/C percentile 18% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 3.1% — normal turnover
1 day(s) elevated — may be one-day event
OI change +5.2% (5d) — building
Sector activity percentile 62% — active vs sector
Large trade volume 16% — mixed
Aggressive execution 55% — patient
Conviction -4 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 15.1% — wide
OI 106,943 — deep
Volume 3,278/day — adequate
$0.76 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 638.3 contracts (bid:383.4 ask:254.9) — deep
Avg slippage 5.46% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -17.4% — contango
IV percentile 74% — seller opportunity
IV kink -8.5pts — no clear event
θ/ν ratio 428.94 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -4% @ 52% consistency — unclear
Score 46 (ITM 20% + inst 16%) — 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.