
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 91.6% — elevated vs history
IV/HV 1.30x — IV premium over HV
Sector percentile 97% — above sector median
Front/Back 0.98x — contango
Put/Call IV 1.16x — elevated
ATM IV 83.4% — crisis-level IV
Effective IV 128.0% (ATM 83.4% + spread 22.3% + bias) — expensive
Total drag 27.90% (spread 22.32% + slippage 5.58%) — high friction
Vega efficiency 0.31 (vega 0.684 / spread 22.32%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +14% (bullish) — Raw: +4%
|OI skew| 41.8% — call-heavy
Vol skew -1.3%, OI skew +41.8% — divergent (opposite)
0-DTE 10%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -14%, ATM: +17%, OTM: -7% — neutral (ITM/ATM divergent)
Sector P/C percentile 71% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 4.5% — normal turnover
1 day(s) elevated — may be one-day event
OI change -28.7% (5d) — unwinding
Sector activity percentile 68% — active vs sector
Large trade volume 13% — mostly retail
Aggressive execution 28% — patient
Conviction +14 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 22.3% — wide
OI 68,028 — deep
Volume 3,089/day — adequate
$1.12 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 764.8 contracts (bid:503.5 ask:261.3) — deep
Avg slippage 5.58% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -2.4% — flat/unclear
IV percentile 92% — seller opportunity
IV kink -3.9pts — no clear event
θ/ν ratio 63.93 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +14% @ 57% consistency — unclear
Score 43 (ITM 20% + inst 13%) — 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.