IV is low with bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 29.1% — cheap vs history
IV/HV 1.13x — IV premium over HV
Sector percentile 21% — below sector median
Front/Back 0.92x — contango
Put/Call IV 1.16x — elevated
ATM IV 30.0% — normal range
Effective IV 47.9% (ATM 30.0% + spread 9.0% + bias) — excellent value
Total drag 12.78% (spread 8.96% + slippage 3.82%) — high friction
Vega efficiency 26.48 (vega 23.723 / spread 8.96%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -18% (bearish) — Raw: -17%
|OI skew| 31.9% — call-heavy
Vol skew +48.8%, OI skew +31.9% — aligned
0-DTE 9%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -13%, ATM: -35%, OTM: +21% — bearish (ITM/ATM aligned)
Sector P/C percentile 15% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 2.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +1.9% (5d) — stable
Sector activity percentile 41% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 47% — patient
Conviction -18 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 9.0% — wide
OI 87,355 — deep
Volume 1,784/day — adequate
$0.45 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 24% — tighter than sector
Depth 59.5 contracts (bid:26.7 ask:32.8) — thin
Avg slippage 3.82% — poor
Is now a good time?
Considers earnings proximity,
Slope -8.1% — contango
IV percentile 29% — buyer opportunity
IV kink -0.4pts — no clear event
θ/ν ratio 104.92 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -18% @ 59% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.