GGALGrupo Financiero Galicia SA
GGAL Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
GGAL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 74.8% — elevated vs history
IV/HV 1.59x — IV premium over HV
Sector percentile 83% — above sector median
Front/Back 1.10x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 52.6% — normal range
Effective IV 104.2% (ATM 52.6% + spread 25.8% + bias) — expensive
Total drag 38.32% (spread 25.82% + slippage 12.50%) — high friction
Vega efficiency 1.02 (vega 2.641 / spread 25.82%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +25% (bullish) — Raw: +30%
|OI skew| 10.1% — balanced
Vol skew -18.8%, OI skew -10.1% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +13%, ATM: +90%, OTM: +28% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 89% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 0.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change +3.2% (5d) — building
Sector activity percentile 25% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 19% — patient
Conviction +25 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 25.8% — wide
OI 73,973 — deep
Volume 648/day — adequate
$1.29 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 87% — much wider than sector
Depth 128.3 contracts (bid:49.7 ask:78.6) — adequate
Avg slippage 12.50% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +10.0% — backwardation
IV percentile 75% — seller opportunity
IV kink 7.8pts — no clear event
θ/ν ratio 25.64 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +25% @ 62% 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.