Sell premium.
Know what you sold.
Selling premium pays until the day it does not. What matters is where implied volatility sits against its own history, what the skew is charging, and which level the flow will defend — all three, before you write the contract.
Delta opens the analytics · Vega adds backtests
Rich compared to what?
An implied volatility of 42 means nothing on its own. It means something against where this symbol has traded, at this tenor, in this regime.
Percentiles, not levels.
Every reading on the platform is measured against the symbol's own record — fifteen years of it — so "elevated" is a claim with a distribution behind it rather than a feeling. Term structure says whether the richness is at your tenor or somebody else's, and skew says which side is paying for it.
See the analytics- Skew and term structure
- What each side is being charged and at which tenor, daily and across the whole history.
- Walls and max pain
- Where open interest concentrates, and the level the chain has a reason to defend into expiry.
- Dealer exposure
- Gamma and delta exposure across strikes, so you can see where a hedge will amplify a move rather than absorb it.
- The volatility surface
- The whole thing at once, and the same view for any prior session.
The two things that get you run over.
Price the structure first, then watch the level that decides it.
Write it with the distribution in front of you.
Delta opens the analytics, the history and the builder. Gamma adds the live tape and the alerts that watch your levels.
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