IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 86.2% — elevated vs history
IV/HV 1.06x — IV premium over HV
Sector percentile 73% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 83.0% — crisis-level IV
Effective IV 150.4% (ATM 83.0% + spread 33.7% + bias) — expensive
Total drag 48.11% (spread 33.70% + slippage 14.41%) — high friction
Vega efficiency 0.69 (vega 2.327 / spread 33.70%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -10% (bearish) — Raw: -4%
|OI skew| 24.9% — call-heavy
Vol skew +50.0%, OI skew +24.9% — aligned
0-DTE 52%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +37%, ATM: -41%, OTM: -2% — neutral (ITM/ATM divergent)
Sector P/C percentile 48% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 1.7x avg — elevated
Vol/OI 16.8% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +32.7% (5d) — building
Sector activity percentile 89% — very active vs sector
Large trade volume 50% — heavy institutional
Aggressive execution 29% — patient
Conviction -10 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 33.7% — wide
OI 51,472 — deep
Volume 8,626/day — active
$1.69 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 85% — much wider than sector
Depth 367.7 contracts (bid:131.5 ask:236.2) — adequate
Avg slippage 14.41% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.1% — flat/unclear
IV percentile 86% — seller opportunity
IV kink 5.6pts — no clear event
θ/ν ratio 19.90 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -10% @ 55% consistency — unclear
Score 80 (ITM 20% + inst 50%) — HIGH institutional
For educational purposes only. Not investment advice.