Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 38.7% — elevated vs history
IV/HV 1.13x — IV premium over HV
Sector percentile 52% — above sector median
Front/Back 1.05x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 37.1% — normal range
Effective IV 53.5% (ATM 37.1% + spread 8.2% + bias) — good value
Total drag 11.75% (spread 8.20% + slippage 3.55%) — high friction
Vega efficiency 6.44 (vega 5.284 / spread 8.20%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: +21% (bullish) — Raw: +16%
|OI skew| 15.4% — put-heavy
Vol skew +36.1%, OI skew -15.4% — divergent (opposite)
0-DTE 30%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +33%, ATM: -2%, OTM: +24% — bullish (ITM/ATM divergent)
Sector P/C percentile 24% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 4.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.2% (5d) — building
Sector activity percentile 63% — active vs sector
Large trade volume 39% — institutional presence
Aggressive execution 46% — patient
Conviction +21 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.2% — wide
OI 2,030,722 — deep
Volume 95,437/day — active
$0.41 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 59% — neutral vs sector
Depth 824.3 contracts (bid:513.9 ask:310.4) — deep
Avg slippage 3.55% — poor
Is now a good time?
Considers earnings proximity,
Slope +5.5% — backwardation
IV percentile 39% — neutral
IV kink 2.0pts — no clear event
θ/ν ratio 38.40 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +21% @ 60% consistency — unclear
Score 69 (ITM 20% + inst 39%) — HIGH institutional
For educational purposes only. Not investment advice.