Richest contract in the band prices vol at 0.88x realized, under the 1.10x this profile requires.
Implied vol (61%) is below realized vol (70%): you would be selling movement for less than the stock has actually been delivering.
moderate declines
Richest contract in the band prices vol at 0.83x realized, under the 1.05x this profile requires.
Implied vol (58%) is below realized vol (70%): you would be selling movement for less than the stock has actually been delivering.
aggressive declines
Richest contract in the band prices vol at 0.81x realized, under the 1.00x this profile requires.
Implied vol (59%) is below realized vol (74%): you would be selling movement for less than the stock has actually been delivering.
Term structure — every expiry, 7 to 92 days
Expiry
DTE
ATM IV
Ern
Strike
Δ
Credit
ARoC
VAY
Unassigned
IV/RV
Γ risk
09-04
12
57%
440
-0.22
6.43
45%
0.80
75%
0.81×
0.029
09-11
19
55%
no qualifying strike
09-18
26
53%
430
-0.23
9.64
32%
0.59
73%
0.78×
0.021
09-25
33
54%
420
-0.20
9.44
25%
0.47
75%
0.77×
0.017
10-02
40
55%
no qualifying strike
10-16
54
56%
420
-0.24
15.99
27%
0.49
69%
0.78×
0.015
11-20
89
60%
⚠
400
-0.23
20.96
23%
0.38
68%
0.80×
0.010
Annualized return is not neutral across the term: at constant delta a short-dated
contract annualizes far higher simply because a small credit over a few days
extrapolates hugely. Γ risk — the delta change per 1% move — shows
what the short end costs you.
Timing
02:32 EDT · weekend
Market is closed. Quotes are last week's close.
2 consecutive up closes (+1.5%). Reported as context only: streak-based timing showed no measurable effect on the seller's edge (t = 0.02, measured over 33 years of index data).
Freshly scanned.
Generated 2026-08-23 06:32 UTC. JSON
Screening output only — not investment advice.
Quotes are delayed roughly 15 minutes and can be stale; verify everything with your
broker before trading. Selling options carries risk of substantial loss: a
cash-secured put can leave you owning a falling stock, and a covered call caps your
upside. Nothing here accounts for your portfolio, position sizing, or circumstances.