### Skew Dashboard

**You must Sign In to view this page.** Below is a sample of our Skew dashboard.

**Notes on Skew and Delta data:**

- Based on the price of options, each stock has an Implied Volatility (IV). The Implied Volatility defines the one standard deviation move over a given period of time.

- "Expected Move" is defined as a One Standard Deviation Move, derived from the stock's current Implied Volatility.
- We take measurements of Put and Call Deltas for options that are one standard deviation out-of-the-money with ~ 30 days to expiration. (The "Delta" for a given contract is defined as the probability that the option will expire in the money.)

**Interpretation of Data:**

- A stock with a positive Call Skew has option demand skewed toward calls.

- A stock with a negative Call Skew has option demand skewed toward puts.

- The Current Call Skew should be evaluated with respect to its Average Call Skew.

The **Skew** chart displays the Implied Volatility (IV) and Delta for each Out-Of-The-Money put and call contract.
__Note: The "Delta" at a given contract is the probability that the option will expire in the money.__

The **Call Skew History** chart tracks the "Call Skew", which is the delta of calls at **One Standard Deviation above current stock price** minus the delta of puts at **One Standard Deviation below** the current price with 30 days to expiration.

- Sentiment can be evaluated by comparing the **Current Call Skew** to the **Average Call Skew**.

**Bollinger Band compression:**

- Stocks will generally see their Bollinger Bands (parameters: 10 days & 2 std) compress while price consolidates prior to next breakout.

- Measurement of Bollinger Band width helps people see at a glance what stocks are currently in a compression phase to identify a more ideal time to buy options.

- High IV : BB Width --> Stock is moving less than usual with recent compression in daily price movement.

**Implied Volatility Changes:**

- Large changes in IV that are not accompanied by large price changes in the underlying are often a prelude to underlying price movements.

**Skew Data Table Details**:

- Our data looks at all options with less than 94 days to expiration.

- **"1 Standard Deviation"** is calculated using an average of IVs around the At-The-Money strikes, and then converted to dollars of share price for the given period.