IVViShares Core S&P 500 ETF
IVV Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
IVV Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 8.4% — cheap vs history
IV/HV 1.84x — IV premium over HV
Sector percentile 14% — below sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 15.8% — normal range
Effective IV 34.5% (ATM 15.8% + spread 9.3% + bias) — excellent value
Total drag 19.49% (spread 9.34% + slippage 10.15%) — high friction
Vega efficiency 111.31 (vega 103.966 / spread 9.34%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +33% (strong bullish) — Raw: +38%
|OI skew| 31.0% — call-heavy
Vol skew +49.3%, OI skew +31.0% — aligned
0-DTE 15%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +80%, ATM: +22%, OTM: +48% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 15% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 2.2x avg — hot
Vol/OI 5.5% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.5% (5d) — stable
Sector activity percentile 72% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 30% — patient
Conviction +33 (bullish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 9.3% — wide
OI 15,614 — adequate
Volume 867/day — adequate
$0.47 to cross — cheap
2 liquid strikes — limited options
Sector spread percentile 35% — tighter than sector
Depth 369.29999999999995 contracts (bid:189.7 ask:179.6) — adequate
Avg slippage 10.15% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -3.0% — flat/unclear
IV percentile 8% — buyer opportunity
IV kink 0.7pts — no clear event
θ/ν ratio 517.24 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +33% @ 66% consistency — moderate (bullish)
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.