IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 94.0% — elevated vs history
IV/HV 1.05x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 111.7% — crisis-level IV
Effective IV 143.8% (ATM 111.7% + spread 16.1% + bias) — expensive
Total drag 23.07% (spread 16.07% + slippage 7.00%) — high friction
Vega efficiency 36.00 (vega 57.858 / spread 16.07%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -23% (bearish) — Raw: -23%
|OI skew| 35.2% — call-heavy
Vol skew +40.0%, OI skew +35.2% — aligned
0-DTE 34%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -4%, ATM: -59%, OTM: -19% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 22% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 6.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +11.9% (5d) — building
Sector activity percentile 70% — active vs sector
Large trade volume 25% — mixed
Aggressive execution 25% — patient
Conviction -23 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 16.1% — wide
OI 122,867 — deep
Volume 7,345/day — active
$0.80 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 97% — much wider than sector
Depth 159.3 contracts (bid:82.1 ask:77.2) — adequate
Avg slippage 7.00% — poor
Is now a good time?
Considers earnings proximity,
Slope -2.7% — flat/unclear
IV percentile 94% — seller opportunity
IV kink -1.2pts — no clear event
θ/ν ratio 1132.25 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -23% @ 61% consistency — unclear
Score 55 (ITM 20% + inst 25%) — moderate institutional
For educational purposes only. Not investment advice.