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 84.5% — elevated vs history
IV/HV 1.26x — IV premium over HV
Sector percentile 90% — above sector median
Front/Back 0.78x — contango
Put/Call IV 1.16x — elevated
ATM IV 78.5% — normal range
Effective IV 105.9% (ATM 78.5% + spread 13.7% + bias) — expensive
Total drag 21.22% (spread 13.72% + slippage 7.50%) — high friction
Vega efficiency 4.40 (vega 6.042 / spread 13.72%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +13% (bullish) — Raw: +16%
|OI skew| 39.4% — call-heavy
Vol skew +51.7%, OI skew +39.4% — aligned
0-DTE 40%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +37%, ATM: +24%, OTM: +9% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 19% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 8.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.8% (5d) — building
Sector activity percentile 79% — active vs sector
Large trade volume 38% — institutional presence
Aggressive execution 42% — patient
Conviction +13 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 13.7% — wide
OI 218,420 — deep
Volume 18,726/day — active
$0.69 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 463.5 contracts (bid:255.8 ask:207.7) — adequate
Avg slippage 7.50% — poor
Is now a good time?
Considers earnings proximity,
Slope -22.4% — contango
IV percentile 84% — seller opportunity
IV kink -12.5pts — no clear event
θ/ν ratio 491.19 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +13% @ 56% consistency — unclear
Score 68 (ITM 20% + inst 38%) — HIGH institutional
For educational purposes only. Not investment advice.