IV is low. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 25.1% — cheap vs history
IV/HV 1.24x — IV premium over HV
Sector percentile 39% — below sector median
Front/Back 1.26x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 27.2% — normal range
Effective IV 76.1% (ATM 27.2% + spread 24.5% + bias) — fair
Total drag 30.16% (spread 24.47% + slippage 5.69%) — high friction
Vega efficiency 7.44 (vega 18.198 / spread 24.47%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -46% (strong bearish) — Raw: -39%
|OI skew| 81.5% — put-heavy
Vol skew +32.7%, OI skew -81.5% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -62%, OTM: +44% — bearish (ITM/ATM divergent)
Sector P/C percentile 21% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 0.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.1% (5d) — stable
Sector activity percentile 1% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 42% — patient
Conviction -46 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 24.5% — wide
OI 218,443 — deep
Volume 101/day — thin
$1.22 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 49% — neutral vs sector
Depth 193.20000000000002 contracts (bid:63.4 ask:129.8) — adequate
Avg slippage 5.69% — poor
Is now a good time?
Considers earnings proximity,
Slope +26.1% — backwardation
IV percentile 25% — buyer opportunity
IV kink 6.9pts — no clear event
θ/ν ratio 1255.01 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -46% @ 73% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.