OUTOUTFRONT Media Inc.
OUT Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
OUT Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 54.5% — elevated vs history
IV/HV 1.50x — IV premium over HV
Sector percentile 75% — above sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 34.6% — normal range
Effective IV 147.9% (ATM 34.6% + spread 56.6% + bias) — expensive
Total drag 69.78% (spread 56.65% + slippage 13.13%) — high friction
Vega efficiency 0.50 (vega 2.814 / spread 56.65%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -17% (bearish) — Raw: +0%
|OI skew| 46.7% — call-heavy
Vol skew -50.0%, OI skew +46.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -100%, OTM: +100% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.0x avg — normal
Vol/OI 0.2% — normal turnover
1 day(s) elevated — may be one-day event
OI change +4.4% (5d) — building
Sector activity percentile 21% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction -17 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 56.6% — wide
OI 1,667 — thin
Volume 4/day — thin
$2.83 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 89% — much wider than sector
Depth 28.8 contracts (bid:13.8 ask:15.0) — thin
Avg slippage 13.13% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -3.6% — flat/unclear
IV percentile 54% — neutral
IV kink -4.3pts — no clear event
θ/ν ratio 127.90 — favors income trades
3 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -17% @ 50% 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 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.