IV is low with bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 0.1% — cheap vs history
IV/HV 0.79x — IV ≤ HV
Sector percentile 0% — below sector median
Front/Back 0.58x — contango
Put/Call IV 1.16x — elevated
ATM IV 1.5% — normal range
Effective IV 185.3% (ATM 1.5% + spread 91.9% + bias) — expensive
Total drag 130.24% (spread 91.89% + slippage 38.35%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 91.89%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +33% (strong bullish) — Raw: +33%
|OI skew| 1.8% — balanced
Vol skew +87.1%, OI skew -1.8% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +33%, OTM: +0% — bullish (ITM/ATM divergent)
Sector P/C percentile 7% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.0x avg — normal
Vol/OI 0.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.1% (5d) — stable
Sector activity percentile 15% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 100% — highly urgent
Conviction +33 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 91.9% — wide
OI 10,058 — adequate
Volume 31/day — thin
$4.59 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 39% — tighter than sector
Depth 68.0 contracts (bid:1.0 ask:67.0) — thin
Avg slippage 38.35% — poor
Is now a good time?
Considers earnings proximity,
Slope -42.1% — contango
IV percentile 0% — buyer opportunity
IV kink -0.4pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
caution advised: Earnings in 26d (low risk); CPI in 2d (HIGH)
Spread ratio 1.00x — stable
Flow +33% @ 67% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.