IV is elevated with bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 96.6% — elevated vs history
IV/HV 0.77x — IV ≤ HV
Sector percentile 97% — above sector median
Front/Back 1.13x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 137.4% — crisis-level IV
Effective IV 167.3% (ATM 137.4% + spread 14.9% + bias) — expensive
Total drag 23.56% (spread 14.94% + slippage 8.62%) — high friction
Vega efficiency 5.82 (vega 8.691 / spread 14.94%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: +3% (neutral) — Raw: +6%
|OI skew| 39.8% — call-heavy
Vol skew +41.2%, OI skew +39.8% — aligned
0-DTE 61%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +19%, ATM: -6%, OTM: +7% — neutral (ITM/ATM divergent)
Sector P/C percentile 36% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 8.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +7.1% (5d) — building
Sector activity percentile 82% — very active vs sector
Large trade volume 33% — institutional presence
Aggressive execution 30% — patient
Conviction +3 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 14.9% — wide
OI 107,798 — deep
Volume 9,491/day — active
$0.75 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 1,049.6 contracts (bid:594.6 ask:455.0) — deep
Avg slippage 8.62% — poor
Is now a good time?
Considers earnings proximity,
Slope +13.2% — backwardation
IV percentile 97% — seller opportunity
IV kink 17.8pts — event priced
θ/ν ratio 97.21 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +3% @ 52% consistency — unclear
Score 63 (ITM 20% + inst 33%) — HIGH institutional
For educational purposes only. Not investment advice.