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 92.7% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 95% — above sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 106.3% — crisis-level IV
Effective IV 123.5% (ATM 106.3% + spread 8.6% + bias) — expensive
Total drag 11.74% (spread 8.62% + slippage 3.12%) — high friction
Vega efficiency 7.62 (vega 6.565 / spread 8.62%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +7% (neutral) — Raw: +11%
|OI skew| 31.7% — call-heavy
Vol skew +62.3%, OI skew +31.7% — aligned
0-DTE 50%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +14%, ATM: -3%, OTM: +15% — neutral (ITM/ATM divergent)
Sector P/C percentile 15% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 9.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +8.0% (5d) — building
Sector activity percentile 82% — very active vs sector
Large trade volume 44% — institutional presence
Aggressive execution 43% — patient
Conviction +7 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.6% — wide
OI 1,479,419 — deep
Volume 145,406/day — active
$0.43 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 96% — much wider than sector
Depth 643.7 contracts (bid:355.1 ask:288.6) — deep
Avg slippage 3.12% — poor
Is now a good time?
Considers earnings proximity,
Slope +11.7% — backwardation
IV percentile 93% — seller opportunity
IV kink 12.4pts — event priced
θ/ν ratio 462.35 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +7% @ 54% consistency — unclear
Score 74 (ITM 20% + inst 44%) — HIGH institutional
For educational purposes only. Not investment advice.