SKLZ
SKLZ Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
SKLZ Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 96.5% — elevated vs history
IV/HV 1.50x — IV premium over HV
Sector percentile 98% — above sector median
Front/Back 1.11x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 138.5% — crisis-level IV
Effective IV 188.1% (ATM 138.5% + spread 24.8% + bias) — expensive
Total drag 28.90% (spread 24.80% + slippage 4.10%) — high friction
Vega efficiency 1.05 (vega 2.593 / spread 24.80%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +20% (bullish) — Raw: +21%
|OI skew| 45.7% — call-heavy
Vol skew +88.5%, OI skew +45.7% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +21%, ATM: -72%, OTM: +50% — bearish (ITM/ATM divergent)
Sector P/C percentile 11% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 2.1x avg — hot
Vol/OI 8.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.1% (5d) — stable
Sector activity percentile 72% — active vs sector
Large trade volume 14% — mostly retail
Aggressive execution 8% — patient
Conviction +20 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 24.8% — wide
OI 15,415 — adequate
Volume 1,357/day — adequate
$1.24 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 99% — much wider than sector
Depth 169.7 contracts (bid:108.2 ask:61.5) — adequate
Avg slippage 4.10% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +10.6% — backwardation
IV percentile 96% — seller opportunity
IV kink 9.0pts — no clear event
θ/ν ratio 418.16 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +20% @ 60% consistency — unclear
Score 44 (ITM 20% + inst 14%) — moderate 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 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.