BE
Bloom Energy CorporationClose $289.15EOD onlyThis page reflects BE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.
Compare calls and puts side by side with OI, volume, IV, and positioning context.
Blank greek cells usually mean usable implied volatility was unavailable for that contract in the market-close snapshot.
Open Interest by Strike
IV Skew
Volume by Strike
Calls
| Strike | Last | Bid | Ask | Chg | Vol | OI | IV | Delta | Gamma | Theta | Vega | Rho |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 130.00 | 158.83 | 158.15 | 161.30 | 15.30 | 1 | 2 | 265.0% | 0.991 | 0.0002 | -0.200 | 0.010 | 0.024 |
| 145.00 | 115.40 | 143.20 | 146.30 | 0.00 | 0 | 10 | 233.5% | 0.989 | 0.0003 | -0.206 | 0.011 | 0.027 |
| 150.00 | 141.38 | 138.15 | 141.30 | 30.15 | 5 | 20 | 221.7% | 0.989 | 0.0003 | -0.199 | 0.011 | 0.028 |
| 155.00 | 136.47 | 133.25 | 136.30 | 29.32 | 5 | 16 | 214.6% | 0.988 | 0.0004 | -0.213 | 0.013 | 0.029 |
| 160.00 | 110.20 | 128.00 | 131.30 | 0.00 | 1 | 9 | 197.7% | 0.989 | 0.0004 | -0.178 | 0.011 | 0.030 |
| 165.00 | 113.78 | 123.15 | 126.30 | 0.00 | 4 | 7 | 192.8% | 0.987 | 0.0004 | -0.199 | 0.013 | 0.031 |
| 170.00 | 126.54 | 118.35 | 120.45 | 18.19 | 1 | 1 | 162.1% | 0.993 | 0.0003 | -0.105 | 0.007 | 0.032 |
| 175.00 | 89.80 | 113.05 | 116.35 | 0.00 | 4 | 5 | 173.5% | 0.987 | 0.0005 | -0.191 | 0.014 | 0.033 |
| 180.00 | 97.20 | 108.05 | 111.35 | 0.00 | 1 | 2 | 164.9% | 0.986 | 0.0005 | -0.191 | 0.014 | 0.034 |
| 185.00 | 37.00 | 103.25 | 106.35 | 0.00 | 0 | 2 | 161.0% | 0.983 | 0.0007 | -0.216 | 0.017 | 0.034 |
| 190.00 | 106.74 | 97.80 | 101.35 | 0.00 | 1 | 10 | 142.3% | 0.987 | 0.0006 | -0.156 | 0.013 | 0.036 |
| 195.00 | 80.00 | 93.20 | 96.35 | 0.00 | 1 | 15 | 143.5% | 0.982 | 0.0008 | -0.208 | 0.018 | 0.036 |
| 200.00 | 78.00 | 88.50 | 91.35 | 0.00 | 4 | 32 | 140.9% | 0.977 | 0.0010 | -0.244 | 0.022 | 0.037 |
| 205.00 | 77.60 | 83.40 | 86.40 | 0.00 | 1 | 28 | 132.0% | 0.976 | 0.0011 | -0.237 | 0.023 | 0.038 |
| 210.00 | 81.06 | 78.50 | 81.40 | 8.56 | 1 | 12 | 125.7% | 0.973 | 0.0012 | -0.247 | 0.025 | 0.039 |
| 215.00 | 73.97 | 73.00 | 76.40 | -7.20 | 2 | 86 | 110.0% | 0.979 | 0.0012 | -0.185 | 0.020 | 0.040 |
| 220.00 | 71.30 | 68.50 | 71.45 | -0.96 | 23 | 54 | 110.9% | 0.969 | 0.0016 | -0.249 | 0.028 | 0.040 |
| 225.00 | 64.35 | 63.05 | 66.45 | 10.85 | 6 | 41 | 97.1% | 0.974 | 0.0016 | -0.195 | 0.024 | 0.042 |
| 230.00 | 60.80 | 58.30 | 61.50 | 13.33 | 220 | 277 | 94.0% | 0.966 | 0.0020 | -0.227 | 0.030 | 0.042 |
| 235.00 | 55.81 | 53.60 | 56.50 | 16.81 | 4 | 40 | 90.1% | 0.958 | 0.0025 | -0.256 | 0.036 | 0.043 |
| 240.00 | 51.57 | 48.50 | 51.65 | 11.66 | 210 | 306 | 83.3% | 0.954 | 0.0029 | -0.258 | 0.039 | 0.043 |
| 245.00 | 47.23 | 43.30 | 46.75 | 13.48 | 809 | 89 | 74.9% | 0.951 | 0.0034 | -0.243 | 0.040 | 0.044 |
| 247.50 | 45.60 | 41.05 | 44.35 | 13.28 | 6 | 29 | 74.4% | 0.942 | 0.0039 | -0.275 | 0.047 | 0.044 |
| 250.00 | 41.20 | 38.70 | 41.95 | 12.92 | 133 | 197 | 72.7% | 0.934 | 0.0044 | -0.294 | 0.052 | 0.044 |
| 252.50 | 39.62 | 36.15 | 39.60 | 12.76 | 16 | 62 | 69.6% | 0.928 | 0.0049 | -0.299 | 0.055 | 0.044 |
| 255.00 | 35.09 | 34.30 | 37.25 | 11.34 | 30 | 119 | 71.1% | 0.909 | 0.0058 | -0.361 | 0.066 | 0.044 |
| 257.50 | 36.67 | 31.55 | 34.95 | 14.67 | 1 | 26 | 66.8% | 0.905 | 0.0063 | -0.350 | 0.068 | 0.044 |
| 260.00 | 32.27 | 30.05 | 31.50 | 10.87 | 31 | 297 | 63.0% | 0.898 | 0.0071 | -0.348 | 0.071 | 0.044 |
| 262.50 | 31.89 | 27.60 | 30.50 | 13.71 | 6 | 139 | 67.1% | 0.863 | 0.0081 | -0.447 | 0.088 | 0.042 |
| 265.00 | 27.01 | 25.70 | 28.40 | 8.46 | 38 | 115 | 67.3% | 0.839 | 0.0091 | -0.496 | 0.098 | 0.041 |
| 267.50 | 25.68 | 23.65 | 26.30 | 9.88 | 18 | 103 | 66.3% | 0.817 | 0.0100 | -0.529 | 0.106 | 0.041 |
| 270.00 | 23.20 | 21.55 | 24.00 | 7.70 | 141 | 507 | 63.9% | 0.796 | 0.0111 | -0.542 | 0.113 | 0.040 |
| 272.50 | 21.63 | 19.85 | 22.00 | 7.93 | 60 | 81 | 63.8% | 0.766 | 0.0120 | -0.584 | 0.123 | 0.039 |
| 275.00 | 19.53 | 17.50 | 19.15 | 6.69 | 281 | 633 | 57.9% | 0.750 | 0.0137 | -0.549 | 0.127 | 0.038 |
| 277.50 | 19.00 | 16.40 | 18.90 | 7.25 | 550 | 664 | 64.8% | 0.696 | 0.0135 | -0.671 | 0.140 | 0.035 |
| 280.00 | 15.00 | 15.10 | 16.50 | 4.60 | 719 | 1,048 | 63.1% | 0.663 | 0.0144 | -0.680 | 0.146 | 0.034 |
| 282.50 | 14.75 | 13.30 | 15.65 | 5.10 | 164 | 128 | 64.2% | 0.624 | 0.0148 | -0.716 | 0.152 | 0.032 |
| 285.00 | 11.76 | 11.75 | 12.85 | 3.31 | 798 | 495 | 59.5% | 0.590 | 0.0163 | -0.681 | 0.156 | 0.030 |
| 287.50 | 11.01 | 10.65 | 11.50 | 4.26 | 468 | 206 | 60.1% | 0.548 | 0.0165 | -0.698 | 0.159 | 0.028 |
| 290.00 | 9.93 | 9.45 | 10.40 | 2.93 | 1,581 | 1,070 | 60.5% | 0.507 | 0.0165 | -0.706 | 0.160 | 0.026 |
| 292.50 | 8.75 | 8.40 | 9.15 | 3.40 | 1,455 | 134 | 60.4% | 0.466 | 0.0164 | -0.701 | 0.159 | 0.024 |
| 295.00 | 7.85 | 7.45 | 8.65 | 2.35 | 1,123 | 753 | 62.2% | 0.429 | 0.0158 | -0.712 | 0.157 | 0.022 |
| 297.50 | 6.75 | 5.90 | 7.25 | 2.55 | 202 | 154 | 59.0% | 0.383 | 0.0162 | -0.656 | 0.153 | 0.020 |
| 300.00 | 5.90 | 6.00 | 6.20 | 1.60 | 3,370 | 1,567 | 61.3% | 0.351 | 0.0151 | -0.661 | 0.149 | 0.018 |
| 305.00 | 4.59 | 4.40 | 5.05 | 1.19 | 740 | 388 | 61.9% | 0.284 | 0.0137 | -0.610 | 0.136 | 0.015 |
| 310.00 | 3.54 | 3.30 | 3.65 | 0.90 | 1,264 | 574 | 61.4% | 0.222 | 0.0121 | -0.530 | 0.119 | 0.012 |
| 315.00 | 2.72 | 2.49 | 2.84 | 0.66 | 636 | 160 | 62.4% | 0.174 | 0.0103 | -0.464 | 0.103 | 0.009 |
| 320.00 | 1.92 | 1.81 | 2.06 | 0.32 | 1,189 | 472 | 62.4% | 0.131 | 0.0085 | -0.384 | 0.085 | 0.007 |
| 325.00 | 1.57 | 1.37 | 1.54 | 0.44 | 545 | 267 | 63.2% | 0.100 | 0.0069 | -0.321 | 0.070 | 0.005 |
| 330.00 | 1.12 | 1.05 | 1.18 | 0.14 | 624 | 300 | 64.4% | 0.077 | 0.0056 | -0.268 | 0.058 | 0.004 |
| 335.00 | 0.90 | 0.74 | 0.82 | 0.15 | 394 | 522 | 64.3% | 0.055 | 0.0043 | -0.206 | 0.044 | 0.003 |
| 340.00 | 0.65 | 0.54 | 0.72 | -0.29 | 325 | 554 | 66.2% | 0.043 | 0.0035 | -0.176 | 0.037 | 0.002 |
| 345.00 | 0.44 | 0.21 | 0.50 | 0.03 | 620 | 285 | 63.8% | 0.026 | 0.0024 | -0.110 | 0.024 | 0.001 |
| 350.00 | 0.38 | 0.27 | 0.40 | 0.02 | 534 | 1,324 | 67.3% | 0.023 | 0.0020 | -0.106 | 0.022 | 0.001 |
| 355.00 | 0.27 | 0.01 | 0.38 | -0.09 | 84 | 92 | 65.6% | 0.014 | 0.0013 | -0.067 | 0.014 | 0.001 |
| 360.00 | 0.22 | 0.14 | 0.22 | 0.02 | 81 | 223 | 68.6% | 0.012 | 0.0011 | -0.062 | 0.013 | 0.001 |
| 365.00 | 0.20 | 0.08 | 0.21 | -0.06 | 17 | 57 | 70.1% | 0.010 | 0.0009 | -0.052 | 0.010 | 0.001 |
| 370.00 | 0.08 | 0.00 | 0.21 | -0.14 | 32 | 63 | 70.6% | 0.007 | 0.0007 | -0.039 | 0.008 | 0.000 |
| 375.00 | 0.11 | 0.01 | 0.18 | -0.07 | 16 | 87 | 73.0% | 0.006 | 0.0006 | -0.036 | 0.007 | 0.000 |
| 380.00 | 0.09 | 0.01 | 0.12 | -0.08 | 8 | 510 | 72.9% | 0.004 | 0.0004 | -0.025 | 0.005 | 0.000 |
| 385.00 | 0.07 | 0.05 | 0.17 | -0.02 | 117 | 480 | 80.7% | 0.006 | 0.0005 | -0.041 | 0.007 | 0.000 |
| 390.00 | 0.07 | 0.01 | 0.11 | -0.01 | 55 | 220 | 78.1% | 0.003 | 0.0003 | -0.023 | 0.004 | 0.000 |
| 395.00 | 0.24 | 0.00 | 0.76 | 0.00 | 1 | 37 | 102.7% | 0.017 | 0.0010 | -0.126 | 0.017 | 0.001 |
| 400.00 | 0.19 | 0.03 | 0.10 | 0.13 | 31 | 346 | 84.8% | 0.003 | 0.0003 | -0.025 | 0.004 | 0.000 |
| 410.00 | 0.04 | 0.03 | 0.08 | 0.00 | 41 | 220 | 88.7% | 0.003 | 0.0002 | -0.022 | 0.003 | 0.000 |
| 420.00 | 0.04 | 0.00 | 0.05 | -0.01 | 76 | 381 | 87.5% | 0.001 | 0.0001 | -0.011 | 0.002 | 0.000 |
Puts
| Strike | Last | Bid | Ask | Chg | Vol | OI | IV | Delta | Gamma | Theta | Vega | Rho |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 120.00 | 0.01 | 0.00 | 3.40 | 0.00 | 1 | 28 | 348.7% | -0.019 | 0.0003 | -0.472 | 0.019 | -0.001 |
| 125.00 | 0.01 | 0.00 | 0.34 | 0.00 | 3 | 12 | 234.8% | -0.003 | 0.0001 | -0.062 | 0.004 | -0.000 |
| 130.00 | 0.09 | 0.00 | 4.30 | 0.00 | 15 | 18 | 335.8% | -0.025 | 0.0004 | -0.568 | 0.024 | -0.002 |
| 135.00 | 0.13 | 0.00 | 4.30 | 0.00 | 1 | 11 | 321.8% | -0.027 | 0.0005 | -0.565 | 0.025 | -0.002 |
| 140.00 | 0.02 | 0.00 | 0.27 | 0.01 | 183 | 219 | 199.6% | -0.003 | 0.0001 | -0.050 | 0.003 | -0.000 |
| 145.00 | 0.07 | 0.00 | 1.64 | 0.00 | 1 | 113 | 245.8% | -0.014 | 0.0004 | -0.249 | 0.014 | -0.001 |
| 150.00 | 0.01 | 0.00 | 0.04 | 0.00 | 2 | 93 | 150.0% | -0.001 | 0.0000 | -0.008 | 0.001 | -0.000 |
| 155.00 | 0.03 | 0.00 | 0.05 | 0.00 | 2 | 204 | 145.3% | -0.001 | 0.0000 | -0.010 | 0.001 | -0.000 |
| 160.00 | 0.04 | 0.00 | 0.04 | 0.00 | 2 | 902 | 135.9% | -0.001 | 0.0000 | -0.008 | 0.001 | -0.000 |
| 165.00 | 0.02 | 0.00 | 0.48 | 0.01 | 2 | 238 | 169.5% | -0.006 | 0.0003 | -0.083 | 0.007 | -0.000 |
| 170.00 | 0.01 | 0.00 | 0.06 | 0.00 | 5 | 70 | 127.3% | -0.001 | 0.0001 | -0.012 | 0.001 | -0.000 |
| 175.00 | 0.01 | 0.00 | 0.03 | -0.01 | 4 | 415 | 114.1% | -0.001 | 0.0000 | -0.006 | 0.001 | -0.000 |
| 180.00 | 0.04 | 0.00 | 0.54 | 0.00 | 20 | 97 | 148.0% | -0.008 | 0.0004 | -0.090 | 0.009 | -0.000 |
| 185.00 | 0.02 | 0.01 | 0.03 | -0.03 | 73 | 495 | 104.7% | -0.001 | 0.0001 | -0.008 | 0.001 | -0.000 |
| 190.00 | 0.03 | 0.00 | 0.04 | -0.05 | 7 | 588 | 98.4% | -0.001 | 0.0001 | -0.008 | 0.001 | -0.000 |
| 195.00 | 0.03 | 0.02 | 0.06 | -0.03 | 14 | 145 | 99.2% | -0.002 | 0.0001 | -0.015 | 0.002 | -0.000 |
| 200.00 | 0.03 | 0.02 | 0.04 | -0.05 | 60 | 1,065 | 90.6% | -0.001 | 0.0001 | -0.011 | 0.002 | -0.000 |
| 205.00 | 0.04 | 0.01 | 0.28 | -0.06 | 60 | 438 | 102.1% | -0.006 | 0.0004 | -0.050 | 0.007 | -0.000 |
| 210.00 | 0.03 | 0.02 | 0.06 | -0.09 | 48 | 1,316 | 82.0% | -0.002 | 0.0002 | -0.015 | 0.003 | -0.000 |
| 215.00 | 0.04 | 0.03 | 0.07 | -0.14 | 295 | 490 | 78.5% | -0.003 | 0.0003 | -0.018 | 0.003 | -0.000 |
| 220.00 | 0.05 | 0.05 | 0.08 | -0.16 | 208 | 958 | 75.4% | -0.004 | 0.0004 | -0.024 | 0.004 | -0.000 |
| 225.00 | 0.07 | 0.05 | 0.09 | -0.25 | 352 | 843 | 70.3% | -0.004 | 0.0004 | -0.025 | 0.005 | -0.000 |
| 230.00 | 0.12 | 0.11 | 0.15 | -0.36 | 300 | 698 | 70.2% | -0.008 | 0.0008 | -0.044 | 0.009 | -0.000 |
| 235.00 | 0.16 | 0.15 | 0.25 | -0.68 | 176 | 531 | 68.6% | -0.013 | 0.0012 | -0.063 | 0.013 | -0.001 |
| 240.00 | 0.26 | 0.22 | 0.26 | -0.74 | 919 | 1,249 | 64.4% | -0.016 | 0.0016 | -0.073 | 0.016 | -0.001 |
| 245.00 | 0.35 | 0.34 | 0.58 | -1.11 | 608 | 967 | 65.4% | -0.030 | 0.0026 | -0.126 | 0.027 | -0.002 |
| 247.50 | 0.42 | 0.39 | 0.58 | -1.41 | 124 | 217 | 62.8% | -0.033 | 0.0029 | -0.130 | 0.029 | -0.002 |
| 250.00 | 0.54 | 0.51 | 0.60 | -1.61 | 920 | 1,766 | 61.1% | -0.038 | 0.0034 | -0.144 | 0.033 | -0.002 |
| 252.50 | 0.63 | 0.60 | 0.93 | -1.94 | 214 | 373 | 62.0% | -0.051 | 0.0042 | -0.185 | 0.042 | -0.003 |
| 255.00 | 0.81 | 0.76 | 0.93 | -2.24 | 591 | 622 | 59.8% | -0.058 | 0.0049 | -0.197 | 0.047 | -0.003 |
| 257.50 | 1.08 | 1.00 | 1.15 | -2.27 | 376 | 239 | 59.8% | -0.073 | 0.0058 | -0.235 | 0.056 | -0.004 |
| 260.00 | 1.29 | 1.20 | 1.50 | -2.69 | 809 | 836 | 59.7% | -0.091 | 0.0068 | -0.275 | 0.065 | -0.005 |
| 262.50 | 1.54 | 1.43 | 1.86 | -3.72 | 279 | 283 | 59.2% | -0.109 | 0.0079 | -0.313 | 0.075 | -0.006 |
| 265.00 | 2.00 | 1.85 | 2.16 | -3.75 | 945 | 569 | 58.9% | -0.131 | 0.0090 | -0.354 | 0.085 | -0.008 |
| 267.50 | 2.21 | 2.13 | 2.55 | -4.43 | 208 | 242 | 57.7% | -0.153 | 0.0102 | -0.385 | 0.095 | -0.009 |
| 270.00 | 3.00 | 2.65 | 3.15 | -4.70 | 819 | 481 | 58.1% | -0.183 | 0.0114 | -0.434 | 0.106 | -0.011 |
| 272.50 | 3.10 | 3.35 | 3.95 | -6.60 | 139 | 119 | 59.2% | -0.219 | 0.0125 | -0.492 | 0.118 | -0.013 |
| 275.00 | 4.20 | 4.05 | 4.50 | -5.80 | 1,193 | 548 | 58.6% | -0.252 | 0.0136 | -0.526 | 0.128 | -0.015 |
| 277.50 | 5.30 | 4.80 | 5.25 | -5.70 | 1,123 | 297 | 58.4% | -0.288 | 0.0146 | -0.559 | 0.137 | -0.017 |
| 280.00 | 6.05 | 5.70 | 6.15 | -6.74 | 1,716 | 448 | 58.5% | -0.327 | 0.0154 | -0.592 | 0.145 | -0.019 |
| 282.50 | 7.00 | 6.60 | 7.75 | -8.29 | 275 | 54 | 60.2% | -0.370 | 0.0157 | -0.637 | 0.151 | -0.022 |
| 285.00 | 7.99 | 7.45 | 8.55 | -7.31 | 786 | 135 | 58.6% | -0.410 | 0.0166 | -0.637 | 0.156 | -0.024 |
| 287.50 | 8.79 | 8.40 | 9.55 | -7.91 | 313 | 25 | 57.4% | -0.451 | 0.0172 | -0.634 | 0.159 | -0.027 |
| 290.00 | 10.45 | 10.10 | 10.80 | -9.60 | 1,800 | 642 | 58.6% | -0.494 | 0.0170 | -0.651 | 0.160 | -0.029 |
| 292.50 | 11.75 | 11.30 | 12.40 | -10.50 | 444 | 41 | 58.7% | -0.536 | 0.0169 | -0.648 | 0.159 | -0.032 |
| 295.00 | 12.50 | 12.60 | 13.60 | -12.05 | 682 | 246 | 57.4% | -0.580 | 0.0170 | -0.621 | 0.157 | -0.035 |
| 297.50 | 14.88 | 13.60 | 15.95 | -10.21 | 39 | 59 | 58.1% | -0.619 | 0.0164 | -0.610 | 0.153 | -0.037 |
| 300.00 | 15.81 | 15.25 | 17.60 | -11.81 | 1,474 | 93 | 58.0% | -0.658 | 0.0158 | -0.585 | 0.147 | -0.040 |
| 305.00 | 19.21 | 18.40 | 21.20 | -12.77 | 23 | 19 | 56.6% | -0.736 | 0.0144 | -0.502 | 0.131 | -0.044 |
| 310.00 | 22.64 | 22.00 | 24.85 | -12.86 | 16 | 42 | 54.3% | -0.810 | 0.0125 | -0.392 | 0.109 | -0.049 |
| 315.00 | 25.17 | 26.70 | 29.05 | -11.37 | 2 | 5 | 56.7% | -0.851 | 0.0102 | -0.344 | 0.093 | -0.052 |
| 320.00 | 31.50 | 30.55 | 33.45 | -1.36 | 2 | 9 | 53.6% | -0.906 | 0.0078 | -0.222 | 0.067 | -0.056 |
| 330.00 | 41.82 | 39.75 | 42.80 | -22.23 | 1 | 1 | 52.2% | -0.963 | 0.0039 | -0.084 | 0.033 | -0.061 |
| 335.00 | 69.72 | 44.50 | 47.80 | 0.00 | 2 | 22 | 53.4% | -0.974 | 0.0028 | -0.054 | 0.024 | -0.063 |
| 340.00 | 54.60 | 49.30 | 52.70 | -1.40 | 17 | 22 | 51.9% | -0.986 | 0.0017 | -0.012 | 0.014 | -0.064 |
| 350.00 | 57.55 | 59.05 | 62.25 | 1.82 | 1 | 6 | 89.4% | -0.930 | 0.0038 | -0.305 | 0.054 | -0.063 |
| 360.00 | 67.00 | 68.95 | 72.10 | 0.00 | 54 | 0 | 96.6% | -0.941 | 0.0030 | -0.283 | 0.047 | -0.066 |
| 365.00 | 83.75 | 73.90 | 77.20 | 0.00 | 1 | 0 | 102.8% | -0.940 | 0.0029 | -0.307 | 0.047 | -0.067 |
| 375.00 | 104.47 | 83.85 | 87.55 | 0.00 | 4 | 0 | 117.6% | -0.934 | 0.0027 | -0.387 | 0.051 | -0.068 |
| 380.00 | 88.30 | 88.85 | 92.00 | 0.00 | 4 | 0 | 112.3% | -0.953 | 0.0022 | -0.272 | 0.039 | -0.070 |
| 400.00 | 109.40 | 108.85 | 111.75 | 3.75 | 18 | 0 | 122.5% | -0.966 | 0.0015 | -0.219 | 0.030 | -0.075 |
Start with strike, bid/ask spread, open interest, and volume. Then use IV and greeks to decide whether a contract fits your directional, income, or volatility idea.
Clean fills matter before a contract looks mathematically attractive. A thin market can erase the edge you think you found.
Low premium, high IV, or one convenient delta do not make a trade by themselves. Check how far the strike sits from spot, expected move, and the event calendar.