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 85.9% — elevated vs history
IV/HV 1.41x — IV premium over HV
Sector percentile 91% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 81.7% — crisis-level IV
Effective IV 93.7% (ATM 81.7% + spread 6.0% + bias) — expensive
Total drag 9.96% (spread 6.00% + slippage 3.96%) — high friction
Vega efficiency 7.40 (vega 4.442 / spread 6.00%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -12% (bearish) — Raw: -8%
|OI skew| 44.1% — call-heavy
Vol skew +68.0%, OI skew +44.1% — aligned
0-DTE 42%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +28%, ATM: -6%, OTM: -11% — bullish (ITM/ATM divergent)
Sector P/C percentile 13% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 12.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +13.4% (5d) — building
Sector activity percentile 87% — very active vs sector
Large trade volume 39% — institutional presence
Aggressive execution 56% — patient
Conviction -12 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 6.0% — wide
OI 1,736,723 — deep
Volume 217,646/day — active
$0.30 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 92% — much wider than sector
Depth 417.6 contracts (bid:221.2 ask:196.4) — adequate
Avg slippage 3.96% — poor
Is now a good time?
Considers earnings proximity,
Slope -5.3% — contango
IV percentile 86% — seller opportunity
IV kink -1.3pts — no clear event
θ/ν ratio 226.61 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -12% @ 56% consistency — unclear
Score 69 (ITM 20% + inst 39%) — HIGH institutional
For educational purposes only. Not investment advice.