| Profile | Delta band | Expiry | DTE | Strike | Δ | Credit | Collateral | ARoC | VAY | POP | Unassigned | IV/RV | Verdict |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| conservative | 0.05–0.15 | 2026-11-20 | 28 | 620 | -0.09 | 3.19 | $61,681 | 7% | 0.18 | 90% | 89% | 2.13× | sell |
| moderate | 0.15–0.25 | 2026-10-30 | 7 | 680 | -0.22 | 4.62 | $67,538 | 36% | 1.00 | 80% | 76% | 2.06× | sell |
| aggressive | 0.25–0.40 | 2026-10-30 | 7 | 696 | -0.38 | 8.68 | $68,732 | 66% | 2.01 | 70% | 60% | 1.90× | 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 | 33% | 680 | -0.22 | 4.62 | 36% | 1.00 | 76% | 2.06× | 0.061 | ||
| 11-06 | 14 | 30% | 675 | -0.24 | 6.52 | 25% | 0.77 | 74% | 1.91× | 0.048 | ||
| 11-13 | 21 | 28% | 665 | -0.21 | 6.51 | 17% | 0.54 | 77% | 1.85× | 0.037 | ||
| 11-20 | 28 | 26% | 660 | -0.20 | 7.26 | 15% | 0.46 | 77% | 1.81× | 0.033 | ||
| 11-27 | 35 | 25% | 650 | -0.18 | 6.70 | 11% | 0.35 | 80% | 1.79× | 0.027 | ||
| 11-30 | 38 | 25% | 650 | -0.18 | 6.95 | 10% | 0.34 | 79% | 1.74× | 0.027 | ||
| 12-18 | 56 | 25% | 650 | -0.21 | 9.88 | 10% | 0.35 | 76% | 1.68× | 0.025 | ||
| 12-31 | 69 | 24% | 655 | -0.23 | 12.35 | 10% | 0.37 | 73% | 1.61× | 0.025 | ||
| 01-15 | 84 | 24% | no qualifying strike | |||||||||
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