Example run · Captured stdout

Options Skew

How steep are the put and call wings, and does their term structure indicate elevated tail-hedging demand?

Exact commandRepository root

PYTHONPATH=labs/options-skew/src python3 -m options_skew_sentinel analyze labs/options-skew/examples/spy_option_chain_sample.csv

Real outputExit code 0

SPY options skew: ELEVATED — SPY options skew is elevated: left-tail hedge demand, with implied volatility rising across expiries.
  2026-08-21: put IV 27.3%, call IV 19.9%, Risk reversal -7.4%
  2026-09-18: put IV 29.4%, call IV 18.8%, Risk reversal -10.6%
  2026-10-16: put IV 32.9%, call IV 19.8%, Risk reversal -13.1%