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 66.9% — elevated vs history
IV/HV 1.50x — IV premium over HV
Sector percentile 78% — above sector median
Front/Back 0.63x — contango
Put/Call IV 1.16x — elevated
ATM IV 54.6% — normal range
Effective IV 121.5% (ATM 54.6% + spread 33.5% + bias) — expensive
Total drag 40.82% (spread 33.47% + slippage 7.35%) — high friction
Vega efficiency 0.52 (vega 1.728 / spread 33.47%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +45% (strong bullish) — Raw: +38%
|OI skew| 50.8% — call-heavy
Vol skew +87.2%, OI skew +50.8% — aligned
0-DTE 43%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +53%, ATM: +73%, OTM: +24% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 6% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.8x avg — hot
Vol/OI 15.6% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.0% (5d) — building
Sector activity percentile 90% — very active vs sector
Large trade volume 79% — heavy institutional
Aggressive execution 17% — patient
Conviction +45 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 33.5% — wide
OI 37,588 — adequate
Volume 5,875/day — active
$1.67 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 81% — much wider than sector
Depth 1,523.5 contracts (bid:775.5 ask:748.0) — deep
Avg slippage 7.35% — poor
Is now a good time?
Considers earnings proximity,
Slope -37.2% — contango
IV percentile 67% — neutral
IV kink -16.4pts — no clear event
θ/ν ratio 54.35 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +45% @ 73% consistency — STRONG directional (bullish)
Score 109 (ITM 20% + inst 79%) — HIGH institutional
For educational purposes only. Not investment advice.