IV is low with 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 18.2% — cheap vs history
IV/HV 1.02x — IV ≤ HV
Sector percentile 29% — below sector median
Front/Back 1.00x — contango
Put/Call IV 1.16x — elevated
ATM IV 24.2% — normal range
Effective IV 61.4% (ATM 24.2% + spread 18.6% + bias) — good value
Total drag 26.00% (spread 18.58% + slippage 7.42%) — high friction
Vega efficiency 0.74 (vega 1.375 / spread 18.58%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +39% (strong bullish) — Raw: +34%
|OI skew| 6.6% — balanced
Vol skew +23.3%, OI skew +6.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +95%, ATM: +7%, OTM: +47% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 23% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 1.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.8% (5d) — building
Sector activity percentile 33% — below sector avg
Large trade volume 72% — heavy institutional
Aggressive execution 44% — patient
Conviction +39 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 18.6% — wide
OI 4,606,595 — deep
Volume 48,964/day — active
$0.93 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 41% — neutral vs sector
Depth 964.2 contracts (bid:498.9 ask:465.3) — deep
Avg slippage 7.42% — poor
Is now a good time?
Considers earnings proximity,
Slope -0.4% — flat/unclear
IV percentile 18% — buyer opportunity
IV kink 1.1pts — no clear event
θ/ν ratio 31.10 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +39% @ 69% consistency — moderate (bullish)
Score 102 (ITM 20% + inst 72%) — HIGH institutional
For educational purposes only. Not investment advice.