HITIHigh Tide Inc. Common Shares
HITI Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
HITI Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 82.0% — elevated vs history
IV/HV 1.99x — IV premium over HV
Sector percentile 57% — above sector median
Front/Back 1.13x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 57.7% — normal range
Effective IV 129.4% (ATM 57.7% + spread 35.9% + bias) — expensive
Total drag 44.46% (spread 35.87% + slippage 8.59%) — high friction
Vega efficiency 0.07 (vega 0.239 / spread 35.87%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -55% (strong bearish) — Raw: -51%
|OI skew| 59.5% — call-heavy
Vol skew +56.3%, OI skew +59.5% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -51%, OTM: +0% — bearish (ITM/ATM divergent)
Sector P/C percentile 33% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 2.7% — normal turnover
1 day(s) elevated — may be one-day event
OI change +4.1% (5d) — building
Sector activity percentile 65% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 29% — patient
Conviction -55 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 35.9% — wide
OI 26,768 — adequate
Volume 723/day — adequate
$1.79 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 1,232.6 contracts (bid:937.0 ask:295.6) — deep
Avg slippage 8.59% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +13.2% — backwardation
IV percentile 82% — seller opportunity
IV kink -4.0pts — no clear event
θ/ν ratio 68.17 — favors income trades
3 liquid expirations — flexible
acceptable: Earnings in 14d
Spread ratio 1.00x — stable
Flow -55% @ 78% consistency — STRONG directional (bearish)
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 Aug 31, 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.