JLLJones Lang LaSalle, Inc.
JLL Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
JLL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 44.6% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 63% — above sector median
Front/Back 0.88x — contango
Put/Call IV 1.16x — elevated
ATM IV 29.5% — normal range
Effective IV 80.2% (ATM 29.5% + spread 25.3% + bias) — expensive
Total drag 32.40% (spread 25.34% + slippage 7.06%) — high friction
Vega efficiency 14.31 (vega 36.251 / spread 25.34%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +27% (bullish) — Raw: +33%
|OI skew| 35.8% — put-heavy
Vol skew +55.6%, OI skew -35.8% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +0%, OTM: +33% — neutral (ITM/ATM divergent)
Sector P/C percentile 18% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.2% — normal turnover
1 day(s) elevated — may be one-day event
OI change +3.6% (5d) — building
Sector activity percentile 20% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction +27 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 25.3% — wide
OI 3,966 — thin
Volume 9/day — thin
$1.27 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 13.2 contracts (bid:6.1 ask:7.1) — thin
Avg slippage 7.06% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -12.3% — contango
IV percentile 45% — neutral
IV kink -3.0pts — no clear event
θ/ν ratio 130.45 — favors income trades
4 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow +27% @ 60% 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 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.