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 67.2% — elevated vs history
IV/HV 0.80x — IV ≤ HV
Sector percentile 80% — above sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 50.0% — normal range
Effective IV 85.2% (ATM 50.0% + spread 17.6% + bias) — expensive
Total drag 24.78% (spread 17.58% + slippage 7.20%) — high friction
Vega efficiency 4.67 (vega 8.212 / spread 17.58%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +16% (bullish) — Raw: +13%
|OI skew| 52.2% — call-heavy
Vol skew +80.8%, OI skew +52.2% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -13%, ATM: -15%, OTM: +16% — bearish (ITM/ATM aligned)
Sector P/C percentile 7% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 3.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.5% (5d) — stable
Sector activity percentile 61% — active vs sector
Large trade volume 58% — heavy institutional
Aggressive execution 33% — patient
Conviction +16 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 17.6% — wide
OI 329,425 — deep
Volume 10,045/day — active
$0.88 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 385.7 contracts (bid:288.7 ask:97.0) — adequate
Avg slippage 7.20% — poor
Is now a good time?
Considers earnings proximity,
Slope +11.5% — backwardation
IV percentile 67% — neutral
IV kink 7.1pts — no clear event
θ/ν ratio 91.44 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +16% @ 58% consistency — unclear
Score 88 (ITM 20% + inst 58%) — HIGH institutional
For educational purposes only. Not investment advice.