IWDiShares Russell 1000 Value ETF
IWD Options Overview
IV is low with bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
IWD Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 4.8% — cheap vs history
IV/HV 1.63x — IV premium over HV
Sector percentile 8% — below sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 14.2% — normal range
Effective IV 30.0% (ATM 14.2% + spread 7.9% + bias) — excellent value
Total drag 11.20% (spread 7.91% + slippage 3.29%) — high friction
Vega efficiency 14.21 (vega 11.241 / spread 7.91%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -6% (neutral) — Raw: -10%
|OI skew| 57.6% — call-heavy
Vol skew +25.0%, OI skew +57.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: +100%, OTM: +0% — bearish (ITM/ATM divergent)
Sector P/C percentile 21% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 0.8% — normal turnover
1 day(s) elevated — may be one-day event
OI change +0.0% (5d) — stable
Sector activity percentile 24% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 36% — patient
Conviction -6 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 7.9% — wide
OI 4,909 — thin
Volume 40/day — thin
$0.40 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 31% — tighter than sector
Depth 21.5 contracts (bid:14.4 ask:7.1) — thin
Avg slippage 3.29% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +11.7% — backwardation
IV percentile 5% — buyer opportunity
IV kink 2.1pts — no clear event
θ/ν ratio 103.99 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -6% @ 53% 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.