NGD
NGD Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
NGD Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 85.2% — elevated vs history
IV/HV 1.20x — IV premium over HV
Sector percentile 72% — above sector median
Front/Back 1.08x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 85.6% — crisis-level IV
Effective IV 133.9% (ATM 85.6% + spread 24.2% + bias) — expensive
Total drag 30.96% (spread 24.16% + slippage 6.80%) — high friction
Vega efficiency 0.42 (vega 1.008 / spread 24.16%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -21% (bearish) — Raw: -19%
|OI skew| 76.3% — call-heavy
Vol skew +37.0%, OI skew +76.3% — aligned
0-DTE 30%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -32%, ATM: -64%, OTM: -1% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 38% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 3.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.5% (5d) — building
Sector activity percentile 43% — neutral vs sector
Large trade volume 29% — mixed
Aggressive execution 31% — patient
Conviction -21 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 24.2% — wide
OI 115,251 — deep
Volume 4,258/day — adequate
$1.21 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 85% — much wider than sector
Depth 1,347.2 contracts (bid:703.7 ask:643.5) — deep
Avg slippage 6.80% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +7.5% — backwardation
IV percentile 85% — seller opportunity
IV kink 4.5pts — no clear event
θ/ν ratio 71.45 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -21% @ 61% consistency — unclear
Score 59 (ITM 20% + inst 29%) — 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.