IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 93.0% — elevated vs history
IV/HV 0.99x — IV ≤ HV
Sector percentile 93% — above sector median
Front/Back 0.99x — contango
Put/Call IV 1.16x — elevated
ATM IV 106.3% — crisis-level IV
Effective IV 143.4% (ATM 106.3% + spread 18.6% + bias) — expensive
Total drag 25.24% (spread 18.55% + slippage 6.69%) — high friction
Vega efficiency 0.71 (vega 1.325 / spread 18.55%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +11% (bullish) — Raw: +13%
|OI skew| 61.0% — call-heavy
Vol skew +50.8%, OI skew +61.0% — aligned
0-DTE 29%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +7%, ATM: +31%, OTM: +12% — bullish (ITM/ATM aligned)
Sector P/C percentile 29% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.5x avg — normal
Vol/OI 14.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +13.1% (5d) — building
Sector activity percentile 91% — very active vs sector
Large trade volume 20% — mixed
Aggressive execution 30% — patient
Conviction +11 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 18.6% — wide
OI 127,831 — deep
Volume 18,182/day — active
$0.93 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 95% — much wider than sector
Depth 1,782.8 contracts (bid:996.9 ask:785.9) — deep
Avg slippage 6.69% — poor
Is now a good time?
Considers earnings proximity,
Slope -0.8% — flat/unclear
IV percentile 93% — seller opportunity
IV kink -4.7pts — no clear event
θ/ν ratio 17.23 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +11% @ 56% consistency — unclear
Score 50 (ITM 20% + inst 20%) — moderate institutional
For educational purposes only. Not investment advice.