SILJAmplify Junior Silver Miners ETF
SILJ Options Overview
IV is elevated. Conditions favor premium sellers.
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 78.7% — elevated vs history
IV/HV 0.98x — IV ≤ HV
Sector percentile 88% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 52.9% — normal range
Effective IV 75.7% (ATM 52.9% + spread 11.4% + bias) — fair
Total drag 17.10% (spread 11.40% + slippage 5.70%) — high friction
Vega efficiency 2.64 (vega 3.008 / spread 11.40%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +24% (bullish) — Raw: +25%
|OI skew| 63.9% — call-heavy
Vol skew +16.2%, OI skew +63.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -45%, ATM: -22%, OTM: +32% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 24% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 2.1x avg — hot
Vol/OI 18.4% — high turnover
1 day(s) elevated — may be one-day event
OI change +5.8% (5d) — building
Sector activity percentile 91% — very active vs sector
Large trade volume 78% — heavy institutional
Aggressive execution 40% — patient
Conviction +24 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 11.4% — wide
OI 541,896 — deep
Volume 99,484/day — active
$0.57 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 1,006.6 contracts (bid:500.8 ask:505.8) — deep
Avg slippage 5.70% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -3.4% — flat/unclear
IV percentile 79% — seller opportunity
IV kink -0.8pts — no clear event
θ/ν ratio 60.52 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +24% @ 62% consistency — unclear
Score 108 (ITM 20% + inst 78%) — 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.