GCPUGrayscale AI Compute ETF
GCPU Options Overview
IV is elevated with bearish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
GCPU Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 89.9% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 92% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 73.8% — normal range
Effective IV 122.3% (ATM 73.8% + spread 24.2% + bias) — expensive
Total drag 27.88% (spread 24.24% + slippage 3.64%) — high friction
Vega efficiency 4.32 (vega 10.477 / spread 24.24%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -100% (strong bearish) — Raw: -100%
|OI skew| 0.0% — balanced
Vol skew -100.0%, OI skew +0.0% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -100%, OTM: +0% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 30% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 0.0% — normal turnover
1 day(s) elevated — may be one-day event
OI change +0.0% (5d) — stable
Sector activity percentile 50% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction -100 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 24.2% — wide
OI 0 — thin
Volume 1/day — thin
$1.21 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 94% — much wider than sector
Depth 57.0 contracts (bid:6.0 ask:51.0) — thin
Avg slippage 3.64% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -2.6% — flat/unclear
IV percentile 90% — seller opportunity
IV kink -0.9pts — no clear event
θ/ν ratio 482.83 — favors income trades
4 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -100% @ 100% consistency — STRONG directional (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 Sep 21, 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.