bullish flow with unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 60.5% — elevated vs history
IV/HV 0.94x — IV ≤ HV
Sector percentile 52% — above sector median
Front/Back 1.71x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 42.5% — normal range
Effective IV 136.2% (ATM 42.5% + spread 46.8% + bias) — expensive
Total drag 58.95% (spread 46.83% + slippage 12.12%) — high friction
Vega efficiency 0.58 (vega 2.706 / spread 46.83%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +72% (strong bullish) — Raw: +64%
|OI skew| 76.4% — call-heavy
Vol skew +94.1%, OI skew +76.4% — aligned
0-DTE 1%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +27%, ATM: +24%, OTM: +64% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 6% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 3.1x avg — hot
Vol/OI 19.8% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +25.1% (5d) — building
Sector activity percentile 97% — very active vs sector
Large trade volume 95% — heavy institutional
Aggressive execution 22% — patient
Conviction +72 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 46.8% — wide
OI 160,932 — deep
Volume 31,804/day — active
$2.34 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 72% — wider than sector
Depth 417.29999999999995 contracts (bid:247.2 ask:170.1) — adequate
Avg slippage 12.12% — poor
Is now a good time?
Considers earnings proximity,
Slope +70.8% — backwardation
IV percentile 60% — neutral
IV kink 25.8pts — event priced
θ/ν ratio 77.75 — favors income trades
5 liquid expirations — flexible
acceptable: No earnings detected; CPI in 5d
Spread ratio 1.00x — stable
Flow +72% @ 86% consistency — STRONG directional (bullish)
Score 125 (ITM 20% + inst 95%) — HIGH institutional
For educational purposes only. Not investment advice.