| Profile | Delta band | Expiry | DTE | Strike | Δ | Credit | Collateral | ARoC | VAY | POP | Unassigned | IV/RV | Verdict |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| conservative | 0.05–0.15 | 2026-11-13 | 21 | 180 | -0.07 | 0.89 | $17,912 | 9% | 0.17 | 91% | 91% | 1.88× | sell |
| moderate | 0.15–0.25 | 2026-10-30 | 7 | 200 | -0.17 | 1.33 | $19,867 | 35% | 0.73 | 84% | 81% | 1.78× | sell |
| aggressive | 0.25–0.40 | 2026-10-30 | 7 | 205 | -0.28 | 2.31 | $20,269 | 59% | 1.32 | 76% | 70% | 1.69× | 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 | 44% | 200 | -0.17 | 1.33 | 35% | 0.73 | 81% | 1.78× | 0.039 | ||
| 11-06 | 14 | 41% | 200 | -0.23 | 2.48 | 33% | 0.75 | 75% | 1.64× | 0.035 | ||
| 11-13 | 21 | 40% | 195 | -0.19 | 2.39 | 22% | 0.50 | 78% | 1.63× | 0.026 | ||
| 11-20 | 28 | 45% | ⚠ | 195 | -0.23 | 4.01 | 27% | 0.58 | 73% | 1.78× | 0.023 | |
| 11-27 | 35 | 43% | ⚠ | 185 | -0.15 | 2.60 | 15% | 0.31 | 81% | 1.78× | 0.016 | |
| 12-18 | 56 | 40% | ⚠ | 185 | -0.18 | 3.98 | 14% | 0.32 | 77% | 1.67× | 0.015 | |
| 01-15 | 84 | 39% | ⚠ | 180 | -0.17 | 4.41 | 11% | 0.25 | 77% | 1.61× | 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.
20:27 EDT · after hours
Market is closed. Quotes are the closing marks.
Freshly scanned. Generated 2026-10-23 00:27 UTC. JSON