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 38.0% — elevated vs history
IV/HV 1.25x — IV premium over HV
Sector percentile 51% — above sector median
Front/Back 1.17x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 36.5% — normal range
Effective IV 103.4% (ATM 36.5% + spread 33.4% + bias) — expensive
Total drag 50.37% (spread 33.44% + slippage 16.93%) — high friction
Vega efficiency 1.44 (vega 4.819 / spread 33.44%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +91% (strong bullish) — Raw: +87%
|OI skew| 27.7% — put-heavy
Vol skew +90.8%, OI skew -27.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +87%, ATM: +0%, OTM: +100% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 3% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.3% (5d) — building
Sector activity percentile 36% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 40% — patient
Conviction +91 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 33.4% — wide
OI 5,746 — thin
Volume 109/day — thin
$1.67 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 60% — neutral vs sector
Depth 134.4 contracts (bid:85.8 ask:48.6) — adequate
Avg slippage 16.93% — poor
Is now a good time?
Considers earnings proximity,
Slope +17.2% — backwardation
IV percentile 38% — neutral
IV kink 3.4pts — no clear event
θ/ν ratio 210.45 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +91% @ 95% consistency — STRONG directional (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.