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 42.6% — elevated vs history
IV/HV 1.24x — IV premium over HV
Sector percentile 56% — above sector median
Front/Back 0.81x — contango
Put/Call IV 1.16x — elevated
ATM IV 38.9% — normal range
Effective IV 64.6% (ATM 38.9% + spread 12.8% + bias) — good value
Total drag 18.65% (spread 12.85% + slippage 5.80%) — high friction
Vega efficiency 2.85 (vega 3.666 / spread 12.85%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +6% (neutral) — Raw: +8%
|OI skew| 61.9% — call-heavy
Vol skew +52.4%, OI skew +61.9% — aligned
0-DTE 23%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -23%, ATM: -12%, OTM: +17% — bearish (ITM/ATM aligned)
Sector P/C percentile 19% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 2.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.8% (5d) — building
Sector activity percentile 42% — neutral vs sector
Large trade volume 16% — mixed
Aggressive execution 31% — patient
Conviction +6 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 12.8% — wide
OI 54,257 — deep
Volume 1,264/day — adequate
$0.64 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 63% — wider than sector
Depth 751.0 contracts (bid:418.1 ask:332.9) — deep
Avg slippage 5.80% — poor
Is now a good time?
Considers earnings proximity,
Slope -18.7% — contango
IV percentile 43% — neutral
IV kink -4.5pts — no clear event
θ/ν ratio 47.24 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +6% @ 53% consistency — unclear
Score 46 (ITM 20% + inst 16%) — moderate institutional
For educational purposes only. Not investment advice.