| Profile | Delta band | Expiry | DTE | Strike | Δ | Credit | Collateral | ARoC | VAY | POP | Unassigned | IV/RV | Verdict |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| conservative | 0.05–0.15 | — no qualifying contract — | no trade | ||||||||||
| moderate | 0.15–0.25 | 2026-10-30 ⚠ | 7 | 495 | -0.22 | 4.72 | $49,028 | 50% | 0.99 | 80% | 76% | 2.43× | sell |
| aggressive | 0.25–0.40 | 2026-10-30 ⚠ | 7 | 500 | -0.26 | 5.89 | $49,411 | 62% | 1.24 | 77% | 72% | 2.40× | 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 | 50% | ⚠ | 495 | -0.22 | 4.72 | 50% | 0.99 | 76% | 2.43× | 0.042 | |
| 11-06 | 14 | 40% | ⚠ | 495 | -0.24 | 6.23 | 33% | 0.81 | 73% | 1.97× | 0.039 | |
| 11-13 | 21 | 36% | ⚠ | 490 | -0.23 | 6.30 | 23% | 0.60 | 75% | 1.79× | 0.033 | |
| 11-20 | 28 | 34% | ⚠ | 490 | -0.24 | 7.69 | 21% | 0.58 | 73% | 1.71× | 0.032 | |
| 11-27 | 35 | 31% | ⚠ | 480 | -0.19 | 5.96 | 13% | 0.39 | 78% | 1.61× | 0.026 | |
| 12-18 | 56 | 31% | ⚠ | 475 | -0.20 | 8.01 | 11% | 0.34 | 76% | 1.56× | 0.022 | |
| 01-15 | 84 | 29% | ⚠ | 480 | -0.25 | 12.04 | 11% | 0.36 | 70% | 1.47× | 0.021 |
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.
20:26 EDT · after hours
Market is closed. Quotes are the closing marks.
Freshly scanned. Generated 2026-10-23 00:26 UTC. JSON