bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 32.8% — cheap vs history
IV/HV 0.82x — IV ≤ HV
Sector percentile 49% — below sector median
Front/Back 1.19x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 29.1% — normal range
Effective IV 31.3% (ATM 29.1% + spread 1.1% + bias) — excellent value
Total drag 1.08% (spread 1.08% + slippage 0.00%) — minimal drag
Vega efficiency 422.52 (vega 45.632 / spread 1.08%) — efficient
Bullish or bearish?
Analyzes
P/C 1.27 — balanced (buy/sell unknown)
|OI skew| 65.5% — call-heavy
Vol skew -11.9%, OI skew +65.5% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
Sector P/C percentile 91% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 2.7x avg — hot
Vol/OI 3.5% — normal turnover
Top 3 strikes = 50% — dispersed
4 day(s) elevated — sustained
OI change +0.0% (5d) — stable
Sector activity percentile 51% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction +0 (neutral) — mixed
Can I trade efficiently?
Evaluates
Spread 1.1% — tight
OI 45,311 — adequate
Volume 1,596/day — adequate
$0.05 to cross — cheap
10 liquid strikes — good coverage
Sector spread percentile 58% — neutral vs sector
Depth 0 contracts (bid:0 ask:0) — thin
Avg slippage 0.00% — excellent
Is now a good time?
Considers earnings proximity,
Slope +18.9% — backwardation
IV percentile 33% — neutral
IV kink 4.5pts — no clear event
θ/ν ratio 3900.19 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 2d (HIGH)
Spread ratio 1.00x — stable
Flow +0% @ 50% consistency — unclear
Score 60 (ITM 20% + inst 30%) — HIGH institutional
For educational purposes only. Not investment advice.