USASAmericas Gold and Silver Corporation
USAS Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
USAS Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 91.7% — elevated vs history
IV/HV 1.24x — IV premium over HV
Sector percentile 94% — above sector median
Front/Back 0.90x — contango
Put/Call IV 1.16x — elevated
ATM IV 81.6% — crisis-level IV
Effective IV 125.2% (ATM 81.6% + spread 21.8% + bias) — expensive
Total drag 28.79% (spread 21.82% + slippage 6.97%) — high friction
Vega efficiency 0.13 (vega 0.293 / spread 21.82%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -20% (bearish) — Raw: -19%
|OI skew| 78.9% — call-heavy
Vol skew +64.1%, OI skew +78.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -7%, ATM: +54%, OTM: -36% — bullish (ITM/ATM divergent)
Sector P/C percentile 30% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 0.6% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.5% (5d) — stable
Sector activity percentile 26% — below sector avg
Large trade volume 13% — mostly retail
Aggressive execution 42% — patient
Conviction -20 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 21.8% — wide
OI 122,988 — deep
Volume 747/day — adequate
$1.09 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 96% — much wider than sector
Depth 1,645.6999999999998 contracts (bid:735.8 ask:909.9) — deep
Avg slippage 6.97% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -10.0% — contango
IV percentile 92% — seller opportunity
IV kink -8.7pts — no clear event
θ/ν ratio 20.80 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -20% @ 60% consistency — unclear
Score 43 (ITM 20% + inst 13%) — 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 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.