SKYT
SKYT Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
SKYT Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 71.5% — elevated vs history
IV/HV 2.05x — IV premium over HV
Sector percentile 31% — below sector median
Front/Back 1.79x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 66.6% — normal range
Effective IV 210.5% (ATM 66.6% + spread 71.9% + bias) — expensive
Total drag 94.12% (spread 71.94% + slippage 22.18%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 71.94%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +17% (bullish) — Raw: -13%
|OI skew| 49.7% — call-heavy
Vol skew +92.0%, OI skew +49.7% — aligned
0-DTE 26%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -82%, OTM: +4% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 5% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 1.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +15.4% (5d) — building
Sector activity percentile 40% — neutral vs sector
Large trade volume 54% — heavy institutional
Aggressive execution 28% — patient
Conviction +17 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 71.9% — wide
OI 19,850 — adequate
Volume 374/day — thin
$3.60 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 61% — wider than sector
Depth 277.5 contracts (bid:130.7 ask:146.8) — adequate
Avg slippage 22.18% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +79.0% — backwardation
IV percentile 72% — seller opportunity
IV kink 37.3pts — event priced
θ/ν ratio 1.00 — favors mixed
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +17% @ 58% 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 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.