Options/SCCO

SCCOSouthern Copper Corporation

Options Analysis Report•METAL MINING

Market Cap $163.9B|NYSE

● 2026-09-11$194.14

NEUTRAL

Analysis: 2026-09-10 EOD data

1Y +92.1%YTD +34.6%7D -2.3%

Options Vol

2,320

30D

Implied Move

±13.9%

IV Rank

17%

SCCO Options Overview

IV is elevated with bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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SCCO Gamma Walls

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Value

Is IV priced right?

6.4

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 73.2% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.89x — IV ≤ HV

Sector Relative≤50%

Sector percentile 55% — above sector median

Term Structure

<1.1x

Front/Back 0.96x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 51.3% — normal range

Spread-Adjusted Value

<80%

Effective IV 90.9% (ATM 51.3% + spread 19.8% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 28.21% (spread 19.80% + slippage 8.41%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 7.83 (vega 15.502 / spread 19.80%) — efficient

Sentiment

Bullish or bearish?

3.7

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Weak signal (Conviction: -8%, Raw: -4%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -8% (neutral) — Raw: -4%

OI Skew Magnitude

≥15%

|OI skew| 0.1% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -27.5%, OI skew +0.1% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 18%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: +5%, ATM: +23%, OTM: -9% — bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 86% — very bearish vs sector

Activity

Unusual activity?

2.9

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed

Volume Surge

≥1.5x

Volume 0.5x avg — normal

Turnover Rate

≥15%

Vol/OI 4.9% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change -2.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 85% — very active vs sector

Trade Quality

≥30%

Large trade volume 0% — mostly retail

Execution Urgency

≥60%

Aggressive execution 27% — patient

Flow Conviction

≥30

Conviction -8 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.8

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 19.8% — wide

Adequate OI

≥10,000

OI 47,721 — adequate

Active Volume

≥500

Volume 2,320/day — adequate

Reasonable Cost

≤$0.50

$0.99 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 74% — wider than sector

Order Book Depth

≥100 contracts

Depth 38.2 contracts (bid:18.8 ask:19.4) — thin

Execution Quality

<1.0%

Avg slippage 8.41% — poor

Timing

Is now a good time?

6.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -4.3% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 73% — seller opportunity

Event Detection

≥10pts kink

IV kink -2.1pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 56.10 — favors income trades

Expiration Distribution

≥3 expirations

5 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -8% @ 54% consistency — unclear

Smart Money Timing

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers

Long Calls4.9

bullishIV cheap, bearish flow

Long Puts5.8

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put3.9

bullishIV too cheap, bearish flow

Covered Call4.8

bearishIV too cheap, bearish flow

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.

More on SCCO

SCCO gamma walls SCCO option chain SCCO max pain SCCO expected move SCCO IV rank SCCO put/call ratio SCCO options flow