IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 96.8% — elevated vs history
IV/HV 1.38x — IV premium over HV
Sector percentile 96% — above sector median
Front/Back 1.35x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 139.4% — crisis-level IV
Effective IV 167.4% (ATM 139.4% + spread 14.0% + bias) — expensive
Total drag 22.43% (spread 14.00% + slippage 8.43%) — high friction
Vega efficiency 3.04 (vega 4.255 / spread 14.00%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +5% (neutral) — Raw: +15%
|OI skew| 30.3% — call-heavy
Vol skew +66.6%, OI skew +30.3% — aligned
0-DTE 22%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +8%, ATM: +43%, OTM: +6% — bullish (ITM/ATM aligned)
Sector P/C percentile 37% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.1x avg — hot
Vol/OI 14.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.8% (5d) — building
Sector activity percentile 85% — very active vs sector
Large trade volume 75% — heavy institutional
Aggressive execution 44% — patient
Conviction +5 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 14.0% — wide
OI 694,998 — deep
Volume 98,535/day — active
$0.70 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 1,660.8000000000002 contracts (bid:804.1 ask:856.7) — deep
Avg slippage 8.43% — poor
Is now a good time?
Considers earnings proximity,
Slope +34.8% — backwardation
IV percentile 97% — seller opportunity
IV kink 28.9pts — event priced
θ/ν ratio 447.93 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow +5% @ 52% consistency — unclear
Score 105 (ITM 20% + inst 75%) — HIGH institutional
For educational purposes only. Not investment advice.