| 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 | 170 | -0.06 | 0.46 | $16,954 | 14% | 0.21 | 94% | 93% | 1.68× | sell |
| moderate | 0.15–0.25 | 2026-11-06 ⚠ | 14 | 170 | -0.18 | 3.42 | $16,658 | 54% | 0.61 | 81% | 78% | 2.17× | sell |
| aggressive | 0.25–0.40 | 2026-11-06 ⚠ | 14 | 180 | -0.27 | 5.94 | $17,406 | 89% | 1.04 | 74% | 67% | 2.12× | 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 | 57% | 182.5 | -0.18 | 1.67 | 48% | 0.79 | 80% | 1.50× | 0.031 | ||
| 11-06 | 14 | 83% | ⚠ | 170 | -0.18 | 3.42 | 54% | 0.61 | 78% | 2.17× | 0.015 | |
| 11-13 | 21 | 73% | ⚠ | 170 | -0.19 | 4.14 | 43% | 0.56 | 76% | 1.92× | 0.015 | |
| 11-20 | 28 | 67% | ⚠ | 170 | -0.20 | 4.74 | 37% | 0.53 | 74% | 1.77× | 0.014 | |
| 11-27 | 35 | 63% | ⚠ | 170 | -0.21 | 5.21 | 33% | 0.50 | 73% | 1.65× | 0.014 | |
| 12-18 | 56 | 59% | ⚠ | 160 | -0.16 | 4.64 | 19% | 0.31 | 77% | 1.55× | 0.010 | |
| 01-15 | 84 | 55% | ⚠ | 160 | -0.18 | 6.31 | 18% | 0.31 | 73% | 1.45× | 0.009 |
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.
20:25 EDT · after hours
Market is closed. Quotes are the closing marks.
Freshly scanned. Generated 2026-10-23 00:25 UTC. JSON