LRNStride, Inc.
LRN Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
LRN Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 69.9% — elevated vs history
IV/HV 1.65x — IV premium over HV
Sector percentile 82% — above sector median
Front/Back 0.72x — contango
Put/Call IV 1.16x — elevated
ATM IV 48.4% — normal range
Effective IV 78.2% (ATM 48.4% + spread 14.9% + bias) — fair
Total drag 22.84% (spread 14.92% + slippage 7.92%) — high friction
Vega efficiency 6.64 (vega 9.900 / spread 14.92%) — acceptable
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +34% (strong bullish) — Raw: +20%
|OI skew| 28.6% — call-heavy
Vol skew -8.6%, OI skew +28.6% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +56%, ATM: +10%, OTM: +20% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 70% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 1.8% — normal turnover
1 day(s) elevated — may be one-day event
OI change +9.1% (5d) — building
Sector activity percentile 51% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 66% — urgent
Conviction +34 (bullish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 14.9% — wide
OI 15,532 — adequate
Volume 278/day — thin
$0.75 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 90% — much wider than sector
Depth 95.4 contracts (bid:50.6 ask:44.8) — thin
Avg slippage 7.92% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -28.0% — contango
IV percentile 70% — neutral
IV kink -6.9pts — no clear event
θ/ν ratio 179.02 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +34% @ 67% 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.