Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 43.8% — elevated vs history
IV/HV 1.36x — IV premium over HV
Sector percentile 69% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 33.3% — normal range
Effective IV 58.8% (ATM 33.3% + spread 12.7% + bias) — good value
Total drag 16.97% (spread 12.74% + slippage 4.23%) — high friction
Vega efficiency 11.36 (vega 14.477 / spread 12.74%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -33% (strong bearish) — Raw: -33%
|OI skew| 4.7% — balanced
Vol skew +32.1%, OI skew +4.7% — aligned
0-DTE 22%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -39%, OTM: -30% — bearish (ITM/ATM divergent)
Sector P/C percentile 51% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 1.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +1.6% (5d) — stable
Sector activity percentile 18% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 68% — urgent
Conviction -33 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 12.7% — wide
OI 74,372 — deep
Volume 987/day — adequate
$0.64 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 71% — wider than sector
Depth 234.3 contracts (bid:110.1 ask:124.2) — adequate
Avg slippage 4.23% — poor
Is now a good time?
Considers earnings proximity,
Slope -2.6% — flat/unclear
IV percentile 44% — neutral
IV kink -2.4pts — no clear event
θ/ν ratio 1281.13 — favors income trades
3 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -33% @ 66% consistency — moderate (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.