ATM straddle for 09-Sep-26 expiration returned a positive 50.4% from the previous business day
The upside wing (25 delta calls) gained 285.3%
Downside put (25 delta puts) lost -81.4%
The option volume for 09-Sep-26 expiration is 27,444
$DRAM Bullish pressure building up in the options market. On-Balance net option delta is 772 K.
$DRAM positive imbalance of 302 K option volume delta...indicating traderes are more bullish on the stock
I noticed a lot of bearish pressure coming from the options market on $DRAM. Check out this order imbalance! -197 K option volume delta. What is option volume delta?
30-day Implied Volatility (IV30) Falls to Lowest Level in 12 months
The IV30 fell to 53.9, the lowest level since Aug 31, 2025 when it traded at 57.8. Stock Option traders are pricing in an average daily move of ±3.4%. The 52-Week historical volatility is 92.2 with an average daily move of ±5.8%. View Implied Vol
30-Day Downside Put Protection Falls to Lowest Level in 12 months
The cost to protect downside risk fell to 6.1%, the lowest level since Aug 31, 2025 when it was at 6.4%. The 52-Week average is 9.4% and the 52-Week range is 6.1% - 11.7%.
