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 93.6% — elevated vs history
IV/HV 1.42x — IV premium over HV
Sector percentile 94% — above sector median
Front/Back 1.01x — flat
Put/Call IV 1.16x — elevated
ATM IV 110.5% — crisis-level IV
Effective IV 132.9% (ATM 110.5% + spread 11.2% + bias) — expensive
Total drag 17.38% (spread 11.18% + slippage 6.20%) — high friction
Vega efficiency 3.44 (vega 3.847 / spread 11.18%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -35% (strong bearish) — Raw: -16%
|OI skew| 25.5% — call-heavy
Vol skew +86.6%, OI skew +25.5% — aligned
0-DTE 18%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +63%, ATM: -51%, OTM: +27% — bullish (ITM/ATM divergent)
Sector P/C percentile 18% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 3.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +23.0% (5d) — building
Sector activity percentile 53% — neutral vs sector
Large trade volume 74% — heavy institutional
Aggressive execution 40% — patient
Conviction -35 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 11.2% — wide
OI 669,049 — deep
Volume 25,348/day — active
$0.56 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 97% — much wider than sector
Depth 1,131.1999999999998 contracts (bid:638.3 ask:492.9) — deep
Avg slippage 6.20% — poor
Is now a good time?
Considers earnings proximity,
Slope +1.3% — flat/unclear
IV percentile 94% — seller opportunity
IV kink -3.1pts — no clear event
θ/ν ratio 506.14 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -35% @ 68% consistency — moderate (bearish)
Score 104 (ITM 20% + inst 74%) — HIGH institutional
For educational purposes only. Not investment advice.