| 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 | 335 | -0.06 | 0.73 | $33,427 | 11% | 0.21 | 93% | 93% | 1.80× | sell |
| moderate | 0.15–0.25 | 2026-10-30 | 7 | 355 | -0.20 | 2.92 | $35,208 | 43% | 0.88 | 81% | 78% | 1.65× | sell |
| aggressive | 0.25–0.40 | 2026-10-30 | 7 | 360 | -0.26 | 3.98 | $35,602 | 58% | 1.22 | 77% | 72% | 1.61× | 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 | 47% | 355 | -0.20 | 2.92 | 43% | 0.88 | 78% | 1.65× | 0.041 | ||
| 11-06 | 14 | 45% | 350 | -0.21 | 4.16 | 31% | 0.68 | 76% | 1.56× | 0.032 | ||
| 11-13 | 21 | 43% | 350 | -0.24 | 5.72 | 29% | 0.66 | 73% | 1.48× | 0.029 | ||
| 11-20 | 28 | 42% | 340 | -0.19 | 4.92 | 19% | 0.44 | 78% | 1.47× | 0.022 | ||
| 11-27 | 35 | 40% | 340 | -0.20 | 5.78 | 18% | 0.43 | 76% | 1.41× | 0.022 | ||
| 12-18 | 56 | 41% | 330 | -0.19 | 6.90 | 14% | 0.33 | 76% | 1.42× | 0.016 | ||
| 01-15 | 84 | 41% | 330 | -0.22 | 9.96 | 14% | 0.33 | 72% | 1.39× | 0.015 |
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.
3 consecutive up closes (+9.0%). Reported as context only: streak-based timing showed no measurable effect on the seller's edge (t = 0.02, measured over 33 years of index data).
Freshly scanned. Generated 2026-10-23 00:26 UTC. JSON