SSSS
SSSS Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
SSSS Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 77.1% — elevated vs history
IV/HV 1.18x — IV premium over HV
Sector percentile 87% — above sector median
Front/Back 1.00x — flat
Put/Call IV 1.16x — elevated
ATM IV 61.3% — normal range
Effective IV 143.8% (ATM 61.3% + spread 41.2% + bias) — expensive
Total drag 55.07% (spread 41.25% + slippage 13.82%) — high friction
Vega efficiency 0.78 (vega 3.214 / spread 41.25%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -30% (strong bearish) — Raw: -26%
|OI skew| 47.1% — call-heavy
Vol skew +62.7%, OI skew +47.1% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -75%, ATM: +0%, OTM: -21% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 13% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 1.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.3% (5d) — building
Sector activity percentile 43% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 28% — patient
Conviction -30 (bearish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 41.2% — wide
OI 6,970 — thin
Volume 134/day — thin
$2.06 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 90% — much wider than sector
Depth 214.5 contracts (bid:125.8 ask:88.7) — adequate
Avg slippage 13.82% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 77% — seller opportunity
IV kink 14.0pts — event priced
θ/ν ratio 526.89 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -30% @ 65% consistency — moderate (bearish)
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 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.