HALHalliburton Company
HAL Options Overview
Mixed signals. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
HAL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 61.2% — elevated vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 50% — below sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 34.6% — normal range
Effective IV 63.3% (ATM 34.6% + spread 14.4% + bias) — good value
Total drag 21.21% (spread 14.36% + slippage 6.85%) — high friction
Vega efficiency 3.32 (vega 4.772 / spread 14.36%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -10% (neutral) — Raw: +1%
|OI skew| 11.8% — balanced
Vol skew +23.9%, OI skew +11.8% — aligned
0-DTE 24%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +12%, ATM: -27%, OTM: +42% — neutral (ITM/ATM divergent)
Sector P/C percentile 45% — neutral vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 2.0x avg — elevated
Vol/OI 5.8% — normal turnover
1 day(s) elevated — may be one-day event
OI change -4.0% (5d) — unwinding
Sector activity percentile 77% — active vs sector
Large trade volume 22% — mixed
Aggressive execution 40% — patient
Conviction -10 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 14.4% — wide
OI 508,937 — deep
Volume 29,624/day — active
$0.72 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 55% — neutral vs sector
Depth 312.6 contracts (bid:150.5 ask:162.1) — adequate
Avg slippage 6.85% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -4.6% — flat/unclear
IV percentile 61% — neutral
IV kink -0.9pts — no clear event
θ/ν ratio 284.03 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -10% @ 55% consistency — unclear
Score 52 (ITM 20% + inst 22%) — 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 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.