DLLLGraniteShares 2x Long DELL Daily ETF
DLLL Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
DLLL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 97.1% — elevated vs history
IV/HV 0.82x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 0.91x — contango
Put/Call IV 1.16x — elevated
ATM IV 121.4% — crisis-level IV
Effective IV 160.2% (ATM 121.4% + spread 19.4% + bias) — expensive
Total drag 25.68% (spread 19.42% + slippage 6.26%) — high friction
Vega efficiency 0.91 (vega 1.767 / spread 19.42%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +89% (strong bullish) — Raw: +91%
|OI skew| 80.7% — call-heavy
Vol skew -91.2%, OI skew +80.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -9%, ATM: -12%, OTM: +96% — bearish (ITM/ATM aligned)
Sector P/C percentile 99% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 4.5x avg — hot
Vol/OI 22.7% — high turnover
1 day(s) elevated — may be one-day event
OI change +34.6% (5d) — building
Sector activity percentile 92% — very active vs sector
Large trade volume 89% — heavy institutional
Aggressive execution 20% — patient
Conviction +89 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 19.4% — wide
OI 44,534 — adequate
Volume 10,121/day — active
$0.97 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 97% — much wider than sector
Depth 1,463.9 contracts (bid:874.4 ask:589.5) — deep
Avg slippage 6.26% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -8.9% — contango
IV percentile 97% — seller opportunity
IV kink -5.6pts — no clear event
θ/ν ratio 11.94 — 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 +89% @ 95% consistency — STRONG directional (bullish)
Score 119 (ITM 20% + inst 89%) — HIGH 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.