IV is low with bearish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 12.5% — cheap vs history
IV/HV 1.41x — IV premium over HV
Sector percentile 19% — below sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 24.4% — normal range
Effective IV 409.9% (ATM 24.4% + spread 192.7% + bias) — expensive
Total drag 202.91% (spread 192.73% + slippage 10.18%) — high friction
Vega efficiency 1.80 (vega 34.599 / spread 192.73%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -100% (strong bearish) — Raw: -100%
|OI skew| 67.6% — put-heavy
Vol skew -100.0%, OI skew -67.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -100%, OTM: +0% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 32% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 5.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.0% (5d) — stable
Sector activity percentile 65% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction -100 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 192.7% — wide
OI 37 — thin
Volume 2/day — thin
$9.64 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 33% — tighter than sector
Depth 667.0 contracts (bid:653.0 ask:14.0) — deep
Avg slippage 10.18% — poor
Is now a good time?
Considers earnings proximity,
Slope +12.3% — backwardation
IV percentile 12% — buyer opportunity
IV kink 1.7pts — no clear event
θ/ν ratio 2122.65 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -100% @ 100% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.