PTCPTC, INC
PTC Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
PTC Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 82.1% — elevated vs history
IV/HV 0.99x — IV ≤ HV
Sector percentile 45% — below sector median
Front/Back 1.13x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 45.3% — normal range
Effective IV 79.1% (ATM 45.3% + spread 16.9% + bias) — fair
Total drag 23.84% (spread 16.89% + slippage 6.95%) — high friction
Vega efficiency 17.76 (vega 30.002 / spread 16.89%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +36% (strong bullish) — Raw: +17%
|OI skew| 17.4% — call-heavy
Vol skew -11.5%, OI skew +17.4% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: -9%, OTM: +0% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 76% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.4% — normal turnover
1 day(s) elevated — may be one-day event
OI change +19.0% (5d) — building
Sector activity percentile 6% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 27% — patient
Conviction +36 (bullish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 16.9% — wide
OI 12,475 — adequate
Volume 52/day — thin
$0.84 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 47% — neutral vs sector
Depth 37.0 contracts (bid:23.4 ask:13.6) — thin
Avg slippage 6.95% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +12.9% — backwardation
IV percentile 82% — seller opportunity
IV kink 2.6pts — no clear event
θ/ν ratio 498.37 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +36% @ 68% 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.