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SLGSL Green Realty Corp.

Options Analysis ReportREAL ESTATE INVESTMENT TRUSTS
Market Cap $4.1B|NYSE
2026-08-31$57.54
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +1.9%YTD +22.5%7D -1.8%
78
30D
±10.6%
9%

SLG Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

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SLG Gamma Walls

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Value

Is IV priced right?

5.3
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 61.6% — elevated vs history

<1.05x

IV/HV 1.31x — IV premium over HV

Sector Relative≤50%

Sector percentile 81% — above sector median

<1.1x

Front/Back 0.94x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 38.7% — normal range

<80%

Effective IV 68.5% (ATM 38.7% + spread 14.9% + bias) — fair

<3.0%

Total drag 21.43% (spread 14.88% + slippage 6.55%) — high friction

≥5.0

Vega efficiency 7.33 (vega 10.908 / spread 14.88%) — efficient

Sentiment

Bullish or bearish?

4.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Weak signal (Conviction: -16%, Raw: -10%)
|net sentiment| ≥25%

Conviction-weighted: -16% (bearish) — Raw: -10%

≥15%

|OI skew| 7.3% — balanced

Same sign, |vol skew| ≥10%

Vol skew -7.7%, OI skew +7.3% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -10%, ATM: +50%, OTM: -25% — bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 76% — very bearish vs sector

Activity

Unusual activity?

1.7
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed
≥1.5x

Volume 0.2x avg — normal

≥15%

Vol/OI 0.2% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +2.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 14% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 9% — patient

≥30

Conviction -16 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.7
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks1/8 checks passed
≤5.0%

Spread 14.9% — wide

≥10,000

OI 49,960 — adequate

≥500

Volume 78/day — thin

≤$0.50

$0.74 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 91% — much wider than sector

≥100 contracts

Depth 96.69999999999999 contracts (bid:50.8 ask:45.9) — thin

<1.0%

Avg slippage 6.55% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -5.9% — contango

<30 or >70

IV percentile 62% — neutral

≥10pts kink

IV kink -2.1pts — no clear event

<0.5 or >2.0

θ/ν ratio 396.64 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -16% @ 58% consistency — unclear

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls4.9
bullishIV fair, mixed flow
Long Puts5.2
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV fair, mixed flow
Covered Call4.9
bearishIV fair, mixed flow

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.

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