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 93.0% — elevated vs history
IV/HV 1.27x — IV premium over HV
Sector percentile 85% — above sector median
Front/Back 1.07x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 107.6% — crisis-level IV
Effective IV 143.5% (ATM 107.6% + spread 17.9% + bias) — expensive
Total drag 27.44% (spread 17.93% + slippage 9.51%) — high friction
Vega efficiency 1.09 (vega 1.950 / spread 17.93%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +3% (neutral) — Raw: +10%
|OI skew| 55.9% — call-heavy
Vol skew +55.8%, OI skew +55.9% — aligned
0-DTE 38%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +22%, ATM: +5%, OTM: +9% — bullish (ITM/ATM aligned)
Sector P/C percentile 36% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 11.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +25.8% (5d) — building
Sector activity percentile 88% — very active vs sector
Large trade volume 30% — mixed
Aggressive execution 49% — patient
Conviction +3 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 17.9% — wide
OI 195,650 — deep
Volume 23,054/day — active
$0.90 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 93% — much wider than sector
Depth 802.8 contracts (bid:420.7 ask:382.1) — deep
Avg slippage 9.51% — poor
Is now a good time?
Considers earnings proximity,
Slope +7.1% — backwardation
IV percentile 93% — seller opportunity
IV kink 7.2pts — no clear event
θ/ν ratio 50.92 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow +3% @ 51% consistency — unclear
Score 60 (ITM 20% + inst 30%) — moderate institutional
For educational purposes only. Not investment advice.