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 48.0% — elevated vs history
IV/HV 1.35x — IV premium over HV
Sector percentile 61% — above sector median
Front/Back 0.86x — contango
Put/Call IV 1.16x — elevated
ATM IV 42.2% — normal range
Effective IV 66.3% (ATM 42.2% + spread 12.0% + bias) — fair
Total drag 19.58% (spread 12.03% + slippage 7.55%) — high friction
Vega efficiency 18.87 (vega 22.701 / spread 12.03%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -8% (neutral) — Raw: -1%
|OI skew| 35.9% — call-heavy
Vol skew +92.2%, OI skew +35.9% — aligned
0-DTE 46%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +29%, ATM: -91%, OTM: +76% — bearish (ITM/ATM divergent)
Sector P/C percentile 4% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.8x avg — hot
Vol/OI 21.0% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +12.9% (5d) — building
Sector activity percentile 93% — very active vs sector
Large trade volume 88% — heavy institutional
Aggressive execution 22% — patient
Conviction -8 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 12.0% — wide
OI 129,567 — deep
Volume 27,253/day — active
$0.60 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 67% — wider than sector
Depth 945.7 contracts (bid:474.7 ask:471.0) — deep
Avg slippage 7.55% — poor
Is now a good time?
Considers earnings proximity,
Slope -13.5% — contango
IV percentile 48% — neutral
IV kink -2.3pts — no clear event
θ/ν ratio 938.06 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -8% @ 54% consistency — unclear
Score 118 (ITM 20% + inst 88%) — HIGH institutional
For educational purposes only. Not investment advice.