PCORProcore Technologies, Inc.
PCOR Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
PCOR Gamma Walls
PCOR Hedge Radar
Fragility reads low; protection is priced cheap. Neither axis is a forecast — this is where PCOR sits on protection cost vs. fragility today.
Protection is priced in the cheap band (3.12) — downside puts carry 7.4 IV points LESS than at-the-money, and near-dated vol is priced 2% below far-dated, measured against this name's own rolling 19-trading-day realized moves (485 overlapping windows). Fragility reads resilient (3.38): it is trading 17% above its hedge wall on a wall graded MEDIUM for reliability, and its realized-vol regime is stable.
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 79.6% — elevated vs history
IV/HV 1.12x — IV premium over HV
Sector percentile 52% — above sector median
Front/Back 1.26x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 58.3% — normal range
Effective IV 119.9% (ATM 58.3% + spread 30.8% + bias) — expensive
Total drag 50.71% (spread 30.82% + slippage 19.89%) — high friction
Vega efficiency 2.13 (vega 6.554 / spread 30.82%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +23% (bullish) — Raw: +43%
|OI skew| 47.5% — call-heavy
Vol skew -25.4%, OI skew +47.5% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: +0%, OTM: +67% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.3% — normal turnover
1 day(s) elevated — may be one-day event
OI change +13.5% (5d) — building
Sector activity percentile 18% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 30% — patient
Conviction +23 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 30.8% — wide
OI 17,607 — adequate
Volume 59/day — thin
$1.54 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 71% — wider than sector
Depth 70.8 contracts (bid:30.8 ask:40.0) — thin
Avg slippage 19.89% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +26.1% — backwardation
IV percentile 80% — seller opportunity
IV kink 15.2pts — event priced
θ/ν ratio 130.56 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +23% @ 63% 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.