Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 50.0% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 50% — below sector median
Front/Back 1.00x — flat
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 86.1% (ATM 0.0% + spread 43.1% + bias) — expensive
Total drag 52.36% (spread 43.07% + slippage 9.29%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 43.07%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -62% (strong bearish) — Raw: -61%
|OI skew| 14.0% — balanced
Vol skew +51.9%, OI skew +14.0% — aligned
0-DTE 58%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -90%, ATM: -100%, OTM: -21% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 46% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 1.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.7% (5d) — stable
Sector activity percentile 26% — below sector avg
Large trade volume 55% — heavy institutional
Aggressive execution 33% — patient
Conviction -62 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 43.1% — wide
OI 29,643 — adequate
Volume 366/day — thin
$2.15 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 346.79999999999995 contracts (bid:244.7 ask:102.1) — adequate
Avg slippage 9.29% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 50% — neutral
IV kink 0.0pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -62% @ 81% consistency — STRONG directional (bearish)
Score 85 (ITM 20% + inst 55%) — HIGH institutional
For educational purposes only. Not investment advice.