IV is elevated with bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 97.8% — elevated vs history
IV/HV 2.15x — IV premium over HV
Sector percentile 98% — above sector median
Front/Back 1.83x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 153.0% — crisis-level IV
Effective IV 169.8% (ATM 153.0% + spread 8.4% + bias) — expensive
Total drag 11.74% (spread 8.41% + slippage 3.33%) — high friction
Vega efficiency 10.10 (vega 8.495 / spread 8.41%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +2% (neutral) — Raw: +0%
|OI skew| 35.5% — call-heavy
Vol skew +50.1%, OI skew +35.5% — aligned
0-DTE 62%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +14%, ATM: -10%, OTM: +2% — neutral (ITM/ATM divergent)
Sector P/C percentile 48% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 2.9x avg — hot
Vol/OI 30.2% — high turnover
Top 3 strikes = 50% — dispersed
2 day(s) elevated — sustained
OI change +52.1% (5d) — building
Sector activity percentile 96% — very active vs sector
Large trade volume 36% — institutional presence
Aggressive execution 52% — patient
Conviction +2 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.4% — wide
OI 592,955 — deep
Volume 179,056/day — active
$0.42 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 99% — much wider than sector
Depth 345.2 contracts (bid:142.2 ask:203.0) — adequate
Avg slippage 3.33% — poor
Is now a good time?
Considers earnings proximity,
Slope +82.5% — backwardation
IV percentile 98% — seller opportunity
IV kink 65.8pts — event priced
θ/ν ratio 1267.84 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +2% @ 51% consistency — unclear
Score 66 (ITM 20% + inst 36%) — HIGH institutional
For educational purposes only. Not investment advice.