SATS
SATS Options Overview
IV is elevated with unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
SATS Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 83.9% — elevated vs history
IV/HV 0.89x — IV ≤ HV
Sector percentile 54% — above sector median
Front/Back 1.42x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 69.1% — normal range
Effective IV 91.1% (ATM 69.1% + spread 11.0% + bias) — expensive
Total drag 14.38% (spread 10.98% + slippage 3.40%) — high friction
Vega efficiency 15.08 (vega 16.557 / spread 10.98%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +1% (neutral) — Raw: -2%
|OI skew| 33.9% — call-heavy
Vol skew +24.8%, OI skew +33.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -15%, ATM: -8%, OTM: +1% — bearish (ITM/ATM aligned)
Sector P/C percentile 62% — bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 10.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -25.2% (5d) — unwinding
Sector activity percentile 85% — very active vs sector
Large trade volume 42% — institutional presence
Aggressive execution 37% — patient
Conviction +1 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 11.0% — wide
OI 687,813 — deep
Volume 69,773/day — active
$0.55 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 73% — wider than sector
Depth 231.10000000000002 contracts (bid:128.3 ask:102.8) — adequate
Avg slippage 3.40% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope +41.9% — backwardation
IV percentile 84% — seller opportunity
IV kink 20.0pts — event priced
θ/ν ratio 170.69 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +1% @ 51% consistency — unclear
Score 72 (ITM 20% + inst 42%) — HIGH 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.