EIXEdison International
EIX Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
EIX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 70.5% — elevated vs history
IV/HV 0.92x — IV ≤ HV
Sector percentile 79% — above sector median
Front/Back 1.35x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 35.1% — normal range
Effective IV 78.7% (ATM 35.1% + spread 21.8% + bias) — fair
Total drag 26.92% (spread 21.82% + slippage 5.10%) — high friction
Vega efficiency 4.65 (vega 10.151 / spread 21.82%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -18% (bearish) — Raw: -23%
|OI skew| 18.0% — put-heavy
Vol skew +1.4%, OI skew -18.0% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +4%, ATM: +43%, OTM: -42% — bullish (ITM/ATM aligned)
Sector P/C percentile 71% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.9x avg — elevated
Vol/OI 13.3% — normal turnover
1 day(s) elevated — may be one-day event
OI change +15.2% (5d) — building
Sector activity percentile 94% — very active vs sector
Large trade volume 50% — heavy institutional
Aggressive execution 22% — patient
Conviction -18 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 21.8% — wide
OI 130,747 — deep
Volume 17,368/day — active
$1.09 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 81% — much wider than sector
Depth 89.8 contracts (bid:44.9 ask:44.9) — thin
Avg slippage 5.10% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +34.8% — backwardation
IV percentile 70% — seller opportunity
IV kink 8.2pts — no clear event
θ/ν ratio 278.10 — favors income trades
3 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -18% @ 59% consistency — unclear
Score 80 (ITM 20% + inst 50%) — 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.