CHHChoice Hotels Intnl.
CHH Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
CHH Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 56.8% — elevated vs history
IV/HV 1.29x — IV premium over HV
Sector percentile 33% — below sector median
Front/Back 0.94x — contango
Put/Call IV 1.16x — elevated
ATM IV 37.0% — normal range
Effective IV 320.8% (ATM 37.0% + spread 141.9% + bias) — expensive
Total drag 212.82% (spread 141.88% + slippage 70.94%) — high friction
Vega efficiency 2.25 (vega 31.922 / spread 141.88%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +100% (strong bullish) — Raw: +100%
|OI skew| 9.4% — balanced
Vol skew -100.0%, OI skew -9.4% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +0%, OTM: +100% — neutral (ITM/ATM divergent)
Sector P/C percentile 51% — neutral vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.0x avg — normal
Vol/OI 0.1% — normal turnover
1 day(s) elevated — may be one-day event
OI change -32.3% (5d) — unwinding
Sector activity percentile 2% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 100% — highly urgent
Conviction +100 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 141.9% — wide
OI 3,917 — thin
Volume 2/day — thin
$7.09 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 64% — wider than sector
Depth 3.0 contracts (bid:1.0 ask:2.0) — thin
Avg slippage 70.94% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -5.9% — contango
IV percentile 57% — neutral
IV kink 0.3pts — no clear event
θ/ν ratio 894.19 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +100% @ 50% consistency — STRONG directional (bullish)
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.