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 71.9% — elevated vs history
IV/HV 1.34x — IV premium over HV
Sector percentile 81% — above sector median
Front/Back 1.08x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 59.8% — normal range
Effective IV 122.7% (ATM 59.8% + spread 31.4% + bias) — expensive
Total drag 38.79% (spread 31.45% + slippage 7.34%) — high friction
Vega efficiency 0.24 (vega 0.755 / spread 31.45%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -45% (strong bearish) — Raw: -28%
|OI skew| 62.0% — call-heavy
Vol skew +88.3%, OI skew +62.0% — aligned
0-DTE 21%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -89%, ATM: -71%, OTM: -2% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 6% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 6.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +5.8% (5d) — building
Sector activity percentile 72% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 14% — patient
Conviction -45 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 31.4% — wide
OI 15,411 — adequate
Volume 1,010/day — adequate
$1.57 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 94.69999999999999 contracts (bid:60.3 ask:34.4) — thin
Avg slippage 7.34% — poor
Is now a good time?
Considers earnings proximity,
Slope +7.6% — backwardation
IV percentile 72% — seller opportunity
IV kink 8.0pts — no clear event
θ/ν ratio 3.42 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -45% @ 72% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.