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 30.8% — cheap vs history
IV/HV 1.36x — IV premium over HV
Sector percentile 43% — below sector median
Front/Back 0.89x — contango
Put/Call IV 1.16x — elevated
ATM IV 33.0% — normal range
Effective IV 47.4% (ATM 33.0% + spread 7.2% + bias) — excellent value
Total drag 10.56% (spread 7.19% + slippage 3.37%) — high friction
Vega efficiency 25.12 (vega 18.061 / spread 7.19%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +52% (strong bullish) — Raw: +49%
|OI skew| 33.5% — call-heavy
Vol skew +9.7%, OI skew +33.5% — weak (same direction)
0-DTE 34%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +23%, ATM: +88%, OTM: +24% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 31% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 1.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.0% (5d) — building
Sector activity percentile 32% — below sector avg
Large trade volume 76% — heavy institutional
Aggressive execution 61% — urgent
Conviction +52 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 7.2% — wide
OI 4,969,243 — deep
Volume 75,221/day — active
$0.36 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 52% — neutral vs sector
Depth 347.6 contracts (bid:183.6 ask:164.0) — adequate
Avg slippage 3.37% — poor
Is now a good time?
Considers earnings proximity,
Slope -11.3% — contango
IV percentile 31% — neutral
IV kink -0.4pts — no clear event
θ/ν ratio 3168.67 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +52% @ 76% consistency — STRONG directional (bullish)
Score 106 (ITM 20% + inst 76%) — HIGH institutional
For educational purposes only. Not investment advice.