IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 94.9% — elevated vs history
IV/HV 0.99x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 1.21x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 116.7% — crisis-level IV
Effective IV 148.0% (ATM 116.7% + spread 15.7% + bias) — expensive
Total drag 21.89% (spread 15.67% + slippage 6.22%) — high friction
Vega efficiency 8.05 (vega 12.607 / spread 15.67%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +50% (strong bullish) — Raw: +43%
|OI skew| 44.5% — call-heavy
Vol skew +43.6%, OI skew +44.5% — aligned
0-DTE 22%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +58%, ATM: +13%, OTM: +43% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 42% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.4x avg — normal
Vol/OI 16.2% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +12.2% (5d) — building
Sector activity percentile 95% — very active vs sector
Large trade volume 18% — mixed
Aggressive execution 36% — patient
Conviction +50 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 15.7% — wide
OI 174,182 — deep
Volume 28,285/day — active
$0.78 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 476.79999999999995 contracts (bid:293.9 ask:182.9) — adequate
Avg slippage 6.22% — poor
Is now a good time?
Considers earnings proximity,
Slope +21.1% — backwardation
IV percentile 95% — seller opportunity
IV kink 15.0pts — event priced
θ/ν ratio 412.00 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +50% @ 75% consistency — STRONG directional (bullish)
Score 48 (ITM 20% + inst 18%) — moderate institutional
For educational purposes only. Not investment advice.