FNDFloor & Decor Holdings, Inc.
FND Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
FND Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 71.3% — elevated vs history
IV/HV 1.29x — IV premium over HV
Sector percentile 71% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 49.7% — normal range
Effective IV 116.3% (ATM 49.7% + spread 33.3% + bias) — expensive
Total drag 44.12% (spread 33.32% + slippage 10.80%) — high friction
Vega efficiency 1.77 (vega 5.885 / spread 33.32%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -11% (bearish) — Raw: -4%
|OI skew| 58.9% — put-heavy
Vol skew -89.4%, OI skew -58.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +93%, ATM: -98%, OTM: -33% — bullish (ITM/ATM divergent)
Sector P/C percentile 96% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 0.6% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.7% (5d) — stable
Sector activity percentile 24% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 20% — patient
Conviction -11 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 33.3% — wide
OI 40,814 — adequate
Volume 246/day — thin
$1.67 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 82.5 contracts (bid:44.3 ask:38.2) — thin
Avg slippage 10.80% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +1.6% — flat/unclear
IV percentile 71% — seller opportunity
IV kink 1.6pts — no clear event
θ/ν ratio 128.77 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -11% @ 56% 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.