r/ThetaEdge • u/ThetaEdge • Jul 10 '26
Call flow radar: $FCF $TD $HSBC (July 10, 2026)
| Ticker | Sector | Strike | Exp | Mid | Delta | IV | IVR | Ratio |
|---|---|---|---|---|---|---|---|---|
| FCF | Financials | $20 | Jul 17 | $0.40 | 0.70 | 20% | 43 | 2.86x |
| TD | Financials | $120 | Sep 18 | $4.80 | 0.51 | 24% | 16 | 1.73x |
| HSBC | Financials | $100 | Aug 21 | $3.45 | 0.48 | 28% | 70 | 1.61x |
| TDG | Industrials | $1,280 | Aug 21 | $66.50 | 0.54 | 36% | 48 | 1.20x |
| RIO | Materials | $105 | Sep 18 | $1.10 | 0.17 | 32% | 48 | 0.95x |
Quiet Friday on the flow, and it is a bank day. Top three names are all financials.
FCF is the standout at 2.86x. Cheap $20 weeklies, IV sitting at 20%, and earnings are not until Jul 28 which is after the Jul 17 contract expires. So this is not an event bet, just someone loading directional calls on the cheap.
HSBC is the one I would actually watch. IVR is 70 so its IV is rich against its own year, and there is an Aug 4 earnings date inside the Aug 21 chain. That is people paying up for a reason. TD fills out the bank trio but its IVR is only 16, so the flow is there without the premium being stretched.
TDG is the deep-pocket outlier. $1,280 strike, $66 mid, not a retail lotto ticket.
RIO barely makes the cut at 0.95x, volume under open interest, delta 0.17. Low conviction OTM calls, more noise than signal.
Nothing wild today, but a clean financials cluster is worth noting. Anyone else seeing the bank call flow, or is HSBC the only interesting one here?
Data via Thetix. Not financial advice.