IV is low with bullish flow and unusual activity. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 0.2% — cheap vs history
IV/HV 1.46x — IV premium over HV
Sector percentile 0% — below sector median
Front/Back 1.00x — flat
Put/Call IV 1.16x — elevated
ATM IV 6.9% — normal range
Effective IV 21.0% (ATM 6.9% + spread 7.1% + bias) — excellent value
Total drag 10.94% (spread 7.07% + slippage 3.87%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 7.07%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +8% (neutral) — Raw: +4%
|OI skew| 30.0% — put-heavy
Vol skew -34.2%, OI skew -30.0% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: +12%, OTM: -64% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 92% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 5.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +9.8% (5d) — building
Sector activity percentile 68% — active vs sector
Large trade volume 91% — heavy institutional
Aggressive execution 63% — urgent
Conviction +8 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.1% — wide
OI 798,420 — deep
Volume 43,996/day — active
$0.35 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 16% — much tighter than sector
Depth 330.29999999999995 contracts (bid:147.6 ask:182.7) — adequate
Avg slippage 3.87% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 0% — buyer opportunity
IV kink 0.5pts — no clear event
θ/ν ratio 1.00 — favors mixed
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +8% @ 54% consistency — unclear
Score 121 (ITM 20% + inst 91%) — HIGH institutional
For educational purposes only. Not investment advice.