SILJAmplify Junior Silver Miners ETF
SILJ Options Overview
IV is elevated with bullish flow and unusual activity. No clear edge detected.
REWARDS
RISK ANALYSIS
SILJ Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 79.4% — elevated vs history
IV/HV 1.09x — IV premium over HV
Sector percentile 88% — above sector median
Front/Back 0.88x — contango
Put/Call IV 1.16x — elevated
ATM IV 57.2% — normal range
Effective IV 74.5% (ATM 57.2% + spread 8.6% + bias) — fair
Total drag 13.19% (spread 8.64% + slippage 4.55%) — high friction
Vega efficiency 5.20 (vega 4.496 / spread 8.64%) — acceptable
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -20% (bearish) — Raw: -14%
|OI skew| 63.3% — call-heavy
Vol skew +84.7%, OI skew +63.3% — aligned
0-DTE 27%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +25%, ATM: -84%, OTM: +23% — bearish (ITM/ATM divergent)
Sector P/C percentile 5% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 3.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change -33.3% (5d) — unwinding
Sector activity percentile 61% — active vs sector
Large trade volume 53% — heavy institutional
Aggressive execution 42% — patient
Conviction -20 (bearish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 8.6% — wide
OI 527,866 — deep
Volume 20,776/day — active
$0.43 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 937.9000000000001 contracts (bid:523.7 ask:414.2) — deep
Avg slippage 4.55% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -11.7% — contango
IV percentile 79% — seller opportunity
IV kink -4.9pts — no clear event
θ/ν ratio 163.48 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -20% @ 60% consistency — unclear
Score 83 (ITM 20% + inst 53%) — 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.