XPEVXPeng Inc. American depositary shares, each representing two Class A ordinary shares
XPEV Options Overview
IV is elevated with unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
XPEV Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 70.2% — elevated vs history
IV/HV 1.03x — IV ≤ HV
Sector percentile 68% — above sector median
Front/Back 0.89x — contango
Put/Call IV 1.16x — elevated
ATM IV 48.6% — normal range
Effective IV 65.8% (ATM 48.6% + spread 8.6% + bias) — fair
Total drag 14.13% (spread 8.61% + slippage 5.52%) — high friction
Vega efficiency 1.16 (vega 0.998 / spread 8.61%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -38% (strong bearish) — Raw: -35%
|OI skew| 52.6% — call-heavy
Vol skew -56.5%, OI skew +52.6% — divergent (opposite)
0-DTE 3%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -41%, ATM: -18%, OTM: -17% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 86% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 8.0% — normal turnover
1 day(s) elevated — may be one-day event
OI change +2.5% (5d) — building
Sector activity percentile 81% — very active vs sector
Large trade volume 83% — heavy institutional
Aggressive execution 63% — urgent
Conviction -38 (bearish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 8.6% — wide
OI 588,291 — deep
Volume 46,859/day — active
$0.43 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 403.3 contracts (bid:204.3 ask:199.0) — adequate
Avg slippage 5.52% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -10.6% — contango
IV percentile 70% — seller opportunity
IV kink -5.8pts — no clear event
θ/ν ratio 108.48 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -38% @ 69% consistency — moderate (bearish)
Score 113 (ITM 20% + inst 83%) — 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 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.