
JMIAJumia Technologies AG
JMIA Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
JMIA Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 88.7% — elevated vs history
IV/HV 1.06x — IV premium over HV
Sector percentile 95% — above sector median
Front/Back 0.73x — contango
Put/Call IV 1.16x — elevated
ATM IV 68.9% — normal range
Effective IV 105.3% (ATM 68.9% + spread 18.2% + bias) — expensive
Total drag 23.15% (spread 18.20% + slippage 4.95%) — high friction
Vega efficiency 0.30 (vega 0.542 / spread 18.20%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -18% (bearish) — Raw: -30%
|OI skew| 41.5% — call-heavy
Vol skew +21.7%, OI skew +41.5% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -75%, ATM: +10%, OTM: -88% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 44% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.6x avg — elevated
Vol/OI 6.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change +9.4% (5d) — building
Sector activity percentile 84% — very active vs sector
Large trade volume 20% — mixed
Aggressive execution 24% — patient
Conviction -18 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 18.2% — wide
OI 69,314 — deep
Volume 4,807/day — adequate
$0.91 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 904.1999999999999 contracts (bid:644.3 ask:259.9) — deep
Avg slippage 4.95% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -26.8% — contango
IV percentile 89% — seller opportunity
IV kink -15.0pts — no clear event
θ/ν ratio 42.36 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -18% @ 59% consistency — unclear
Score 50 (ITM 20% + inst 20%) — 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.