GLXYGalaxy Digital Inc. Class A Common Stock
GLXY Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
GLXY Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 93.7% — elevated vs history
IV/HV 1.06x — IV premium over HV
Sector percentile 94% — above sector median
Front/Back 0.94x — contango
Put/Call IV 1.16x — elevated
ATM IV 89.7% — crisis-level IV
Effective IV 104.6% (ATM 89.7% + spread 7.5% + bias) — expensive
Total drag 12.41% (spread 7.46% + slippage 4.95%) — high friction
Vega efficiency 0.65 (vega 0.487 / spread 7.46%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -23% (bearish) — Raw: -21%
|OI skew| 32.6% — call-heavy
Vol skew +8.4%, OI skew +32.6% — weak (same direction)
0-DTE 22%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +30%, ATM: -72%, OTM: -4% — bearish (ITM/ATM divergent)
Sector P/C percentile 26% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 7.4% — normal turnover
1 day(s) elevated — may be one-day event
OI change -1.0% (5d) — stable
Sector activity percentile 78% — active vs sector
Large trade volume 75% — heavy institutional
Aggressive execution 30% — patient
Conviction -23 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 7.5% — wide
OI 429,739 — deep
Volume 31,918/day — active
$0.37 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 95% — much wider than sector
Depth 472.0 contracts (bid:225.0 ask:247.0) — adequate
Avg slippage 4.95% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -5.7% — contango
IV percentile 94% — seller opportunity
IV kink -3.0pts — no clear event
θ/ν ratio 1.97 — favors mixed
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -23% @ 62% consistency — unclear
Score 105 (ITM 20% + inst 75%) — 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.