| Profile | Delta band | Expiry | DTE | Strike | Δ | Credit | Collateral | ARoC | VAY | POP | Unassigned | IV/RV | Verdict |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| conservative | 0.05–0.15 | 2026-10-30 | 7 | 440 | -0.08 | 2.10 | $43,790 | 25% | 0.32 | 91% | 90% | 1.43× | sell |
| moderate | 0.15–0.25 | 2026-10-30 | 7 | 470 | -0.20 | 6.18 | $46,382 | 69% | 0.95 | 80% | 77% | 1.35× | sell |
| aggressive | 0.25–0.40 | 2026-10-30 | 7 | 480 | -0.27 | 8.52 | $47,148 | 94% | 1.31 | 76% | 70% | 1.32× | sell |
Read it as a ladder: a higher delta pays a larger credit precisely because it is likelier to be assigned. The profiles differ in what they accept, not in how much edge they find.
| Expiry | DTE | ATM IV | Ern | Strike | Δ | Credit | ARoC | VAY | Unassigned | IV/RV | Γ risk | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10-30 | 7 | 70% | 470 | -0.20 | 6.18 | 69% | 0.95 | 77% | 1.35× | 0.028 | ||
| 11-06 | 14 | 74% | ⚠ | 440 | -0.15 | 6.65 | 40% | 0.51 | 81% | 1.45× | 0.015 | |
| 11-13 | 21 | 67% | ⚠ | 440 | -0.17 | 8.71 | 35% | 0.49 | 78% | 1.31× | 0.015 | |
| 11-20 | 28 | 64% | ⚠ | 440 | -0.19 | 10.61 | 32% | 0.48 | 76% | 1.24× | 0.015 | |
| 11-27 | 35 | 62% | ⚠ | 450 | -0.23 | 14.39 | 34% | 0.55 | 71% | 1.16× | 0.016 | |
| 12-18 | 56 | 58% | ⚠ | 420 | -0.17 | 12.33 | 20% | 0.33 | 76% | 1.12× | 0.011 | |
| 01-15 | 84 | 55% | ⚠ | 440 | -0.24 | 22.46 | 23% | 0.41 | 67% | 1.04× | 0.012 |
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.
20:24 EDT · after hours
Market is closed. Quotes are the closing marks.
Freshly scanned. Generated 2026-10-23 00:24 UTC. JSON