bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 52.3% — elevated vs history
IV/HV 1.43x — IV premium over HV
Sector percentile 65% — above sector median
Front/Back 0.87x — contango
Put/Call IV 1.16x — elevated
ATM IV 44.4% — normal range
Effective IV 97.2% (ATM 44.4% + spread 26.4% + bias) — expensive
Total drag 35.81% (spread 26.41% + slippage 9.40%) — high friction
Vega efficiency 3.87 (vega 10.210 / spread 26.41%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +78% (strong bullish) — Raw: +66%
|OI skew| 59.0% — call-heavy
Vol skew +38.8%, OI skew +59.0% — aligned
0-DTE 33%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -80%, ATM: +85%, OTM: +100% — bearish (ITM/ATM divergent)
Sector P/C percentile 23% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 0.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +1.1% (5d) — stable
Sector activity percentile 17% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 25% — patient
Conviction +78 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 26.4% — wide
OI 13,783 — adequate
Volume 98/day — thin
$1.32 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 70% — wider than sector
Depth 519.8 contracts (bid:288.6 ask:231.2) — deep
Avg slippage 9.40% — poor
Is now a good time?
Considers earnings proximity,
Slope -12.7% — contango
IV percentile 52% — neutral
IV kink -4.0pts — no clear event
θ/ν ratio 537.38 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +78% @ 89% consistency — STRONG directional (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.