📖 Understanding Your Metrics

Score (0–10): Quality score based on 6 factors (delta, IVP, liquidity, sigma distance, DTE, return on margin).

Delta: Market-implied probability proxy. Example: –0.15 delta ≈ ~85% chance the option expires worthless.

Days to Earnings: Number of days until the company's earnings announcement — the key catalyst for Strike strategies.

IVP: IV Percentile — where current implied volatility ranks over the past year (35-80% is optimal for premium selling).

Shield: Estimated danger-floor price based on volatility and time.
🟢 FORTIFIED (≥5% buffer) · 🟡 CONSTRAINED (2-5%) · 🔴 EXPOSED (<2%)

ARoC: Annualized Return on Capital at risk.

Capital: Cash required to hold the position (cash-secured puts = strike × 100 shares).