FLY
Firefly Aerospace Inc.Close $26.14EOD onlyThis page reflects FLY 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 21.45 | 19.50 | 22.70 | -0.90 | 6 | 5 | 1718.8% | 0.967 | 0.0018 | -0.498 | 0.002 | 0.000 |
| 7.50 | 18.90 | 17.10 | 20.10 | -0.70 | 2 | 7 | 1250.8% | 0.952 | 0.0033 | -0.491 | 0.002 | 0.000 |
| 10.00 | 16.30 | 14.30 | 17.50 | -0.90 | 7 | 10 | 960.2% | 0.938 | 0.0054 | -0.463 | 0.003 | 0.001 |
| 11.00 | 15.35 | 13.20 | 16.60 | -0.60 | 2 | 2 | 902.7% | 0.929 | 0.0064 | -0.486 | 0.003 | 0.001 |
| 12.00 | 15.10 | 12.80 | 15.40 | 0.00 | 4 | 9 | 782.4% | 0.927 | 0.0075 | -0.430 | 0.003 | 0.001 |
| 12.50 | 14.15 | 11.70 | 14.90 | -0.60 | 353 | 4 | 749.2% | 0.923 | 0.0081 | -0.428 | 0.003 | 0.001 |
| 14.00 | 12.45 | 11.20 | 13.40 | -0.50 | 3 | 1 | 367.2% | 0.979 | 0.0057 | -0.073 | 0.001 | 0.001 |
| 15.00 | 10.99 | 10.30 | 11.70 | -1.11 | 1 | 4,228 | 455.9% | 0.940 | 0.0111 | -0.217 | 0.003 | 0.001 |
| 17.50 | 9.50 | 7.30 | 10.00 | 0.00 | 3 | 43 | 159.4% | 0.998 | 0.0018 | -0.006 | 0.000 | 0.001 |
| 18.00 | 8.35 | 7.10 | 9.40 | -0.75 | 2 | 7 | 220.3% | 0.976 | 0.0110 | -0.052 | 0.001 | 0.001 |
| 18.50 | 8.72 | 6.90 | 8.70 | 0.00 | 3 | 3 | 224.2% | 0.964 | 0.0148 | -0.071 | 0.002 | 0.001 |
| 19.00 | 7.05 | 5.30 | 8.20 | -1.24 | 2 | 9 | 381.6% | 0.863 | 0.0242 | -0.332 | 0.005 | 0.001 |
| 19.50 | 7.58 | 5.90 | 7.70 | 0.00 | 2 | 3 | 196.1% | 0.959 | 0.0189 | -0.070 | 0.002 | 0.002 |
| 20.00 | 6.12 | 5.50 | 7.10 | -1.35 | 2 | 1,266 | 182.8% | 0.955 | 0.0217 | -0.070 | 0.002 | 0.002 |
| 20.50 | 6.60 | 4.90 | 6.70 | 0.00 | 6 | 45 | 169.5% | 0.952 | 0.0250 | -0.070 | 0.002 | 0.002 |
| 21.00 | 6.56 | 4.40 | 6.20 | 0.00 | 10 | 96 | 156.3% | 0.947 | 0.0291 | -0.069 | 0.003 | 0.002 |
| 21.50 | 4.93 | 3.30 | 5.50 | -0.77 | 1 | 35 | 256.1% | 0.831 | 0.0415 | -0.257 | 0.006 | 0.001 |
| 22.00 | 4.51 | 2.80 | 4.90 | -0.69 | 1 | 89 | 224.8% | 0.829 | 0.0477 | -0.228 | 0.006 | 0.001 |
| 22.50 | 3.70 | 2.80 | 4.60 | -0.90 | 2 | 382 | 92.2% | 0.967 | 0.0336 | -0.029 | 0.002 | 0.002 |
| 23.00 | 4.10 | 2.45 | 3.90 | 0.00 | 1 | 525 | 72.7% | 0.976 | 0.0326 | -0.019 | 0.001 | 0.002 |
| 23.50 | 3.65 | 2.10 | 3.70 | 0.00 | 1 | 27 | 107.8% | 0.873 | 0.0814 | -0.091 | 0.005 | 0.002 |
| 24.00 | 2.35 | 1.30 | 3.10 | -1.19 | 3 | 214 | 59.4% | 0.947 | 0.0763 | -0.028 | 0.003 | 0.002 |
| 24.50 | 2.51 | 1.00 | 2.55 | -0.33 | 2 | 53 | 61.7% | 0.883 | 0.1340 | -0.050 | 0.005 | 0.002 |
| 25.00 | 1.92 | 1.45 | 2.05 | -0.53 | 53 | 5,231 | 101.8% | 0.703 | 0.1435 | -0.141 | 0.008 | 0.001 |
| 25.50 | 1.70 | 0.60 | 1.75 | -0.54 | 5 | 19 | 75.6% | 0.656 | 0.2055 | -0.112 | 0.009 | 0.001 |
| 26.00 | 0.96 | 0.75 | 1.30 | -0.79 | 42 | 815 | 87.6% | 0.545 | 0.1910 | -0.139 | 0.009 | 0.001 |
| 26.50 | 1.00 | 0.50 | 1.10 | -0.40 | 26 | 405 | 88.3% | 0.450 | 0.1892 | -0.139 | 0.009 | 0.001 |
| 27.00 | 0.63 | 0.45 | 0.80 | -0.62 | 47 | 624 | 89.8% | 0.362 | 0.1761 | -0.134 | 0.009 | 0.001 |
| 27.50 | 0.65 | 0.05 | 0.80 | -0.35 | 16 | 234 | 85.4% | 0.270 | 0.1635 | -0.112 | 0.008 | 0.001 |
| 28.00 | 0.50 | 0.15 | 0.60 | -0.25 | 33 | 517 | 93.4% | 0.222 | 0.1345 | -0.110 | 0.007 | 0.000 |
| 28.50 | 0.40 | 0.15 | 0.50 | -0.25 | 8 | 142 | 99.6% | 0.182 | 0.1119 | -0.104 | 0.006 | 0.000 |
| 29.00 | 0.20 | 0.15 | 0.35 | -0.30 | 252 | 680 | 100.8% | 0.139 | 0.0925 | -0.088 | 0.005 | 0.000 |
| 29.50 | 0.15 | 0.00 | 0.25 | -0.25 | 1,096 | 91 | 90.2% | 0.076 | 0.0668 | -0.051 | 0.003 | 0.000 |
| 30.00 | 0.10 | 0.05 | 0.25 | -0.20 | 276 | 1,338 | 104.3% | 0.080 | 0.0601 | -0.061 | 0.004 | 0.000 |
| 30.50 | 0.22 | 0.00 | 0.35 | 0.00 | 29 | 53 | 117.6% | 0.082 | 0.0544 | -0.071 | 0.004 | 0.000 |
| 31.00 | 0.03 | 0.00 | 0.20 | -0.16 | 10 | 561 | 110.2% | 0.049 | 0.0389 | -0.044 | 0.002 | 0.000 |
| 32.00 | 0.05 | 0.00 | 0.10 | -0.10 | 95 | 1,132 | 108.6% | 0.023 | 0.0209 | -0.023 | 0.001 | 0.000 |
| 33.00 | 0.12 | 0.00 | 0.05 | 0.00 | 17 | 219 | 109.4% | 0.011 | 0.0110 | -0.012 | 0.001 | 0.000 |
| 34.00 | 0.04 | 0.00 | 0.05 | -0.01 | 7 | 3,224 | 120.3% | 0.009 | 0.0088 | -0.012 | 0.001 | 0.000 |
| 35.00 | 0.05 | 0.00 | 0.10 | 0.01 | 1 | 2,326 | 146.1% | 0.016 | 0.0118 | -0.024 | 0.001 | 0.000 |
| 36.00 | 0.06 | 0.00 | 0.30 | 0.00 | 25 | 225 | 193.4% | 0.041 | 0.0193 | -0.068 | 0.002 | 0.000 |
| 37.00 | 0.15 | 0.00 | 0.25 | 0.00 | 7 | 207 | 198.4% | 0.033 | 0.0156 | -0.058 | 0.002 | 0.000 |
| 38.00 | 0.01 | 0.00 | 0.05 | -0.04 | 1 | 161 | 160.9% | 0.006 | 0.0047 | -0.011 | 0.000 | 0.000 |
| 39.00 | 0.08 | 0.00 | 0.05 | 0.00 | 5 | 93 | 170.3% | 0.006 | 0.0042 | -0.011 | 0.000 | 0.000 |
| 40.00 | 0.02 | 0.00 | 0.05 | 0.00 | 3 | 1,408 | 179.7% | 0.006 | 0.0038 | -0.012 | 0.000 | 0.000 |
| 41.00 | 0.15 | 0.00 | 0.05 | 0.00 | 1 | 66 | 189.1% | 0.006 | 0.0036 | -0.012 | 0.000 | 0.000 |
| 42.00 | 0.25 | 0.00 | 0.10 | 0.00 | 4 | 117 | 217.2% | 0.010 | 0.0054 | -0.024 | 0.001 | 0.000 |
| 43.00 | 0.10 | 0.00 | 0.70 | 0.00 | 3 | 89 | 323.0% | 0.060 | 0.0156 | -0.153 | 0.003 | 0.000 |
| 44.00 | 0.25 | 0.00 | 0.35 | 0.00 | 130 | 164 | 288.3% | 0.031 | 0.0103 | -0.081 | 0.002 | 0.000 |
| 45.00 | 0.02 | 0.00 | 0.25 | 0.00 | 4 | 3,011 | 280.5% | 0.022 | 0.0080 | -0.059 | 0.001 | 0.000 |
| 46.00 | 0.01 | 0.00 | 0.15 | 0.00 | 2 | 195 | 265.6% | 0.013 | 0.0053 | -0.035 | 0.001 | 0.000 |
| 47.00 | 0.13 | 0.00 | 0.25 | 0.00 | 3 | 120 | 297.7% | 0.021 | 0.0071 | -0.059 | 0.001 | 0.000 |
| 48.00 | 0.10 | 0.00 | 0.15 | 0.00 | 2 | 609 | 282.0% | 0.012 | 0.0048 | -0.036 | 0.001 | 0.000 |
| 49.00 | 0.05 | 0.00 | 0.55 | 0.00 | 1 | 144 | 363.3% | 0.041 | 0.0102 | -0.126 | 0.002 | 0.000 |
| 50.00 | 0.02 | 0.00 | 0.05 | 0.00 | 1 | 1,485 | 256.3% | 0.004 | 0.0018 | -0.011 | 0.000 | 0.000 |
| 55.00 | 0.02 | 0.00 | 0.05 | 0.00 | 3 | 662 | 287.5% | 0.003 | 0.0014 | -0.011 | 0.000 | 0.000 |
| 60.00 | 0.07 | 0.00 | 0.05 | 0.00 | 1 | 798 | 315.6% | 0.003 | 0.0012 | -0.011 | 0.000 | 0.000 |
| 65.00 | 0.05 | 0.00 | 0.10 | 0.00 | 200 | 350 | 370.3% | 0.005 | 0.0018 | -0.023 | 0.000 | 0.000 |
| 70.00 | 0.05 | 0.00 | 0.05 | 0.00 | 99 | 5,830 | 365.6% | 0.003 | 0.0009 | -0.011 | 0.000 | 0.000 |
| 75.00 | 1.23 | 0.00 | 0.10 | 0.00 | 1 | 19 | 417.2% | 0.005 | 0.0014 | -0.023 | 0.000 | 0.000 |
| 80.00 | 0.05 | 0.00 | 0.10 | 0.00 | 1 | 22 | 437.5% | 0.004 | 0.0012 | -0.022 | 0.000 | 0.000 |
| 85.00 | 0.06 | 0.00 | 0.40 | 0.00 | 1 | 8 | 551.6% | 0.018 | 0.0033 | -0.094 | 0.001 | 0.000 |
| 90.00 | 0.05 | 0.00 | 0.10 | 0.00 | 1 | 93 | 475.0% | 0.004 | 0.0010 | -0.022 | 0.000 | 0.000 |
Puts
| Strike | Last | Bid | Ask | Chg | Vol | OI | IV | Delta | Gamma | Theta | Vega | Rho |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5.00 | 0.05 | 0.00 | 0.05 | 0.00 | 1 | 8 | 675.0% | -0.001 | 0.0003 | -0.011 | 0.000 | -0.000 |
| 7.50 | 0.03 | 0.00 | 0.05 | 0.00 | 2 | 16 | 512.5% | -0.002 | 0.0005 | -0.011 | 0.000 | -0.000 |
| 10.00 | 0.03 | 0.00 | 0.05 | 0.00 | 10 | 351 | 400.0% | -0.002 | 0.0008 | -0.011 | 0.000 | -0.000 |
| 11.00 | 0.10 | 0.00 | 0.05 | 0.00 | 0 | 49 | 362.5% | -0.003 | 0.0009 | -0.011 | 0.000 | -0.000 |
| 12.00 | 0.18 | 0.00 | 0.05 | 0.00 | 0 | 22 | 328.1% | -0.003 | 0.0011 | -0.011 | 0.000 | -0.000 |
| 12.50 | 0.03 | 0.00 | 0.05 | 0.00 | 1 | 239 | 312.5% | -0.003 | 0.0012 | -0.011 | 0.000 | -0.000 |
| 13.00 | 0.35 | 0.00 | 0.25 | 0.00 | 0 | 1 | 385.9% | -0.015 | 0.0041 | -0.057 | 0.001 | -0.000 |
| 14.00 | 0.01 | 0.00 | 0.30 | 0.00 | 10 | 24 | 362.5% | -0.019 | 0.0055 | -0.068 | 0.001 | -0.000 |
| 15.00 | 0.03 | 0.00 | 0.05 | 0.00 | 23 | 1,091 | 242.2% | -0.004 | 0.0021 | -0.012 | 0.000 | -0.000 |
| 15.50 | 0.05 | 0.00 | 0.05 | 0.00 | 4 | 55 | 228.1% | -0.004 | 0.0023 | -0.011 | 0.000 | -0.000 |
| 16.00 | 0.13 | 0.00 | 0.25 | -0.22 | 2 | 168 | 284.4% | -0.021 | 0.0075 | -0.057 | 0.001 | -0.000 |
| 16.50 | 0.15 | 0.00 | 0.35 | 0.00 | 2 | 13 | 289.1% | -0.030 | 0.0098 | -0.077 | 0.002 | -0.000 |
| 17.00 | 0.04 | 0.00 | 0.70 | 0.00 | 2 | 508 | 325.4% | -0.054 | 0.0142 | -0.141 | 0.003 | -0.000 |
| 17.50 | 0.05 | 0.00 | 0.35 | 0.00 | 16 | 724 | 258.6% | -0.034 | 0.0122 | -0.076 | 0.002 | -0.000 |
| 18.00 | 0.05 | 0.00 | 0.35 | 0.00 | 20 | 119 | 243.8% | -0.036 | 0.0137 | -0.076 | 0.002 | -0.000 |
| 18.50 | 0.05 | 0.00 | 0.70 | 0.00 | 1 | 25 | 274.6% | -0.065 | 0.0195 | -0.137 | 0.003 | -0.000 |
| 19.00 | 0.05 | 0.00 | 0.60 | 0.00 | 20 | 110 | 246.9% | -0.062 | 0.0209 | -0.119 | 0.003 | -0.000 |
| 19.50 | 0.07 | 0.00 | 0.70 | 0.00 | 12 | 12 | 242.2% | -0.074 | 0.0244 | -0.134 | 0.003 | -0.000 |
| 20.00 | 0.05 | 0.00 | 0.15 | 0.02 | 15 | 2,260 | 154.7% | -0.024 | 0.0153 | -0.034 | 0.001 | -0.000 |
| 20.50 | 0.08 | 0.00 | 0.10 | 0.00 | 1 | 13 | 132.0% | -0.018 | 0.0143 | -0.023 | 0.001 | -0.000 |
| 21.00 | 0.04 | 0.00 | 0.20 | 0.00 | 10 | 148 | 139.5% | -0.036 | 0.0240 | -0.044 | 0.002 | -0.000 |
| 21.50 | 0.05 | 0.00 | 0.05 | 0.00 | 7 | 224 | 96.9% | -0.012 | 0.0131 | -0.011 | 0.001 | -0.000 |
| 22.00 | 0.10 | 0.00 | 0.35 | 0.00 | 1 | 123 | 133.6% | -0.068 | 0.0417 | -0.069 | 0.003 | -0.000 |
| 22.50 | 0.10 | 0.00 | 0.25 | 0.00 | 2 | 307 | 109.8% | -0.059 | 0.0454 | -0.051 | 0.003 | -0.000 |
| 23.00 | 0.10 | 0.05 | 0.25 | 0.03 | 2 | 123 | 102.7% | -0.077 | 0.0594 | -0.058 | 0.003 | -0.000 |
| 23.50 | 0.15 | 0.05 | 0.25 | 0.03 | 2 | 52 | 89.8% | -0.088 | 0.0751 | -0.056 | 0.004 | -0.000 |
| 24.00 | 0.22 | 0.05 | 0.25 | 0.04 | 10 | 268 | 77.0% | -0.103 | 0.0984 | -0.054 | 0.004 | -0.000 |
| 24.50 | 0.20 | 0.20 | 0.50 | -0.04 | 2 | 297 | 90.2% | -0.201 | 0.1314 | -0.099 | 0.007 | -0.000 |
| 25.00 | 0.50 | 0.25 | 0.50 | 0.15 | 53 | 488 | 77.0% | -0.249 | 0.1737 | -0.095 | 0.008 | -0.001 |
| 25.50 | 0.83 | 0.50 | 0.85 | 0.33 | 29 | 41 | 89.3% | -0.363 | 0.1773 | -0.131 | 0.009 | -0.001 |
| 26.00 | 0.92 | 0.50 | 1.45 | 0.37 | 30 | 434 | 95.9% | -0.456 | 0.1745 | -0.149 | 0.009 | -0.001 |
| 26.50 | 0.74 | 0.85 | 1.40 | 0.00 | 17 | 298 | 85.0% | -0.553 | 0.1964 | -0.131 | 0.009 | -0.001 |
| 27.00 | 1.60 | 1.15 | 1.70 | 0.50 | 11 | 125 | 84.0% | -0.649 | 0.1863 | -0.121 | 0.009 | -0.002 |
| 27.50 | 1.81 | 1.45 | 2.55 | 0.00 | 0 | 13 | 107.2% | -0.681 | 0.1406 | -0.149 | 0.008 | -0.002 |
| 28.00 | 2.60 | 1.75 | 3.20 | 0.87 | 13 | 147 | 119.1% | -0.719 | 0.1195 | -0.156 | 0.008 | -0.002 |
| 29.00 | 2.50 | 2.60 | 4.20 | 0.00 | 3 | 79 | 136.9% | -0.780 | 0.0913 | -0.157 | 0.007 | -0.002 |
| 29.50 | 3.45 | 2.65 | 3.90 | 0.00 | 0 | 1 | 148.6% | -0.796 | 0.0804 | -0.163 | 0.007 | -0.002 |
| 30.00 | 3.60 | 3.10 | 5.10 | -0.25 | 17 | 539 | 119.5% | -0.888 | 0.0674 | -0.087 | 0.005 | -0.002 |
| 30.50 | 5.00 | 3.20 | 5.80 | 0.00 | 0 | 1 | 110.9% | -0.931 | 0.0508 | -0.055 | 0.003 | -0.002 |
| 31.00 | 5.30 | 4.00 | 5.70 | -1.33 | 6 | 116 | 216.6% | -0.779 | 0.0579 | -0.251 | 0.007 | -0.002 |
| 32.00 | 5.85 | 5.40 | 7.20 | 1.00 | 1 | 88 | 186.7% | -0.866 | 0.0488 | -0.156 | 0.005 | -0.002 |
| 33.00 | 6.60 | 6.30 | 7.70 | 0.40 | 5 | 287 | 150.0% | -0.950 | 0.0291 | -0.058 | 0.002 | -0.003 |
| 34.00 | 7.75 | 6.60 | 9.10 | 0.90 | 4 | 124 | 321.9% | -0.775 | 0.0394 | -0.378 | 0.007 | -0.002 |
| 35.00 | 7.80 | 8.10 | 10.40 | 0.00 | 5 | 495 | 228.9% | -0.903 | 0.0315 | -0.151 | 0.004 | -0.003 |
| 36.00 | 9.10 | 8.60 | 11.20 | 0.00 | 5 | 26 | 151.6% | -0.988 | 0.0087 | -0.014 | 0.001 | -0.003 |
| 37.00 | 10.75 | 10.40 | 11.20 | 0.13 | 7 | 19 | 248.8% | -0.923 | 0.0245 | -0.138 | 0.003 | -0.003 |
| 38.00 | 11.55 | 10.60 | 13.50 | -1.23 | 2 | 7 | 228.5% | -0.955 | 0.0174 | -0.080 | 0.002 | -0.003 |
| 39.00 | 12.55 | 11.10 | 14.20 | 0.33 | 3 | 0 | 417.2% | -0.807 | 0.0277 | -0.447 | 0.006 | -0.003 |
| 40.00 | 13.55 | 12.80 | 15.50 | 0.70 | 9 | 11 | 276.2% | -0.942 | 0.0177 | -0.122 | 0.003 | -0.003 |
| 41.00 | 13.85 | 13.90 | 16.20 | 0.00 | 6 | 16 | 262.5% | -0.962 | 0.0134 | -0.082 | 0.002 | -0.003 |
| 42.00 | 15.70 | 14.50 | 17.30 | 0.70 | 5 | 18 | 209.4% | -0.992 | 0.0045 | -0.014 | 0.001 | -0.003 |
| 43.00 | 16.80 | 15.40 | 18.50 | 0.90 | 2 | 8 | 247.7% | -0.982 | 0.0074 | -0.038 | 0.001 | -0.003 |
| 44.00 | 16.85 | 16.80 | 19.50 | 0.00 | 5 | 19 | 319.9% | -0.950 | 0.0135 | -0.124 | 0.002 | -0.004 |
| 45.00 | 17.95 | 17.60 | 20.30 | 0.00 | 1 | 18 | 265.6% | -0.984 | 0.0065 | -0.038 | 0.001 | -0.004 |
| 46.00 | 18.85 | 18.40 | 21.20 | 0.00 | 7 | 2 | 509.2% | -0.840 | 0.0202 | -0.485 | 0.006 | -0.004 |
| 47.00 | 20.70 | 19.70 | 22.10 | 0.85 | 2 | 17 | 250.0% | -0.993 | 0.0032 | -0.013 | 0.000 | -0.004 |
| 48.00 | 21.55 | 20.10 | 23.70 | 0.55 | 1 | 2 | 257.8% | -0.993 | 0.0030 | -0.013 | 0.000 | -0.004 |
| 49.00 | 22.70 | 21.40 | 24.20 | 0.80 | 1 | 1 | 542.4% | -0.849 | 0.0182 | -0.497 | 0.006 | -0.004 |
| 50.00 | 22.90 | 22.80 | 24.80 | 0.00 | 1 | 1 | 497.7% | -0.887 | 0.0162 | -0.371 | 0.005 | -0.004 |
| 55.00 | 28.00 | 27.80 | 30.10 | 0.00 | 5 | 1 | 340.6% | -0.988 | 0.0039 | -0.036 | 0.001 | -0.004 |
| 60.00 | 33.00 | 32.50 | 35.20 | 0.00 | 4 | 1 | 643.0% | -0.871 | 0.0138 | -0.526 | 0.005 | -0.005 |
| 65.00 | 37.95 | 37.60 | 40.00 | 0.00 | 1 | 0 | 651.6% | -0.894 | 0.0119 | -0.465 | 0.004 | -0.005 |
| 70.00 | 42.95 | 42.80 | 45.30 | 0.00 | 3 | 2 | 476.6% | -0.980 | 0.0042 | -0.081 | 0.001 | -0.006 |
| 90.00 | 36.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% | -1.000 | 0.0000 | 0.011 | 0.000 | -0.007 |
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.