bullish flow with unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 45.8% — elevated vs history
IV/HV 1.29x — IV premium over HV
Sector percentile 46% — below sector median
Front/Back 0.79x — contango
Put/Call IV 1.16x — elevated
ATM IV 41.0% — normal range
Effective IV 47.0% (ATM 41.0% + spread 3.0% + bias) — excellent value
Total drag 5.67% (spread 3.00% + slippage 2.67%) — high friction
Vega efficiency 11.16 (vega 3.347 / spread 3.00%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +13% (bullish) — Raw: +11%
|OI skew| 19.4% — call-heavy
Vol skew +40.7%, OI skew +19.4% — aligned
0-DTE 40%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -4%, ATM: +14%, OTM: +10% — neutral (ITM/ATM divergent)
Sector P/C percentile 36% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 9.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.5% (5d) — building
Sector activity percentile 83% — very active vs sector
Large trade volume 51% — heavy institutional
Aggressive execution 63% — urgent
Conviction +13 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 3.0% — acceptable
OI 7,025,916 — deep
Volume 651,343/day — active
$0.15 to cross — cheap
10 liquid strikes — good coverage
Sector spread percentile 64% — wider than sector
Depth 590.4 contracts (bid:297.9 ask:292.5) — deep
Avg slippage 2.67% — poor
Is now a good time?
Considers earnings proximity,
Slope -20.9% — contango
IV percentile 46% — neutral
IV kink -5.0pts — no clear event
θ/ν ratio 70.62 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +13% @ 57% consistency — unclear
Score 81 (ITM 20% + inst 51%) — HIGH institutional
For educational purposes only. Not investment advice.