PPLTabrdn Physical Platinum Shares ETF
PPLT Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
PPLT Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 60.0% — elevated vs history
IV/HV 0.93x — IV ≤ HV
Sector percentile 76% — above sector median
Front/Back 1.08x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 40.6% — normal range
Effective IV 87.2% (ATM 40.6% + spread 23.3% + bias) — expensive
Total drag 31.03% (spread 23.31% + slippage 7.72%) — high friction
Vega efficiency 1.41 (vega 3.291 / spread 23.31%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -13% (bearish) — Raw: -5%
|OI skew| 42.0% — call-heavy
Vol skew +70.9%, OI skew +42.0% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -58%, ATM: -44%, OTM: +16% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 9% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 1.8% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.4% (5d) — stable
Sector activity percentile 42% — neutral vs sector
Large trade volume 54% — heavy institutional
Aggressive execution 40% — patient
Conviction -13 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 23.3% — wide
OI 318,567 — deep
Volume 5,787/day — active
$1.17 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 1,547.9 contracts (bid:595.4 ask:952.5) — deep
Avg slippage 7.72% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +7.8% — backwardation
IV percentile 60% — neutral
IV kink 1.2pts — no clear event
θ/ν ratio 498.67 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -13% @ 56% consistency — unclear
Score 84 (ITM 20% + inst 54%) — HIGH institutional
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.