IV is elevated with unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 99.3% — elevated vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 100% — above sector median
Front/Back 1.24x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 201.9% — crisis-level IV
Effective IV 209.2% (ATM 201.9% + spread 3.6% + bias) — expensive
Total drag 14.39% (spread 3.64% + slippage 10.75%) — high friction
Vega efficiency 278.45 (vega 101.358 / spread 3.64%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +28% (bullish) — Raw: +20%
|OI skew| 35.7% — put-heavy
Vol skew -43.5%, OI skew -35.7% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +42%, ATM: +13%, OTM: +16% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 94% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 8.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +18.2% (5d) — building
Sector activity percentile 82% — very active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 28% — patient
Conviction +28 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 3.6% — acceptable
OI 21,257 — adequate
Volume 1,902/day — adequate
$0.18 to cross — cheap
35 liquid strikes — good coverage
Sector spread percentile 100% — much wider than sector
Depth 12.100000000000001 contracts (bid:7.2 ask:4.9) — thin
Avg slippage 10.75% — poor
Is now a good time?
Considers earnings proximity,
Slope +23.6% — backwardation
IV percentile 99% — seller opportunity
IV kink 31.1pts — event priced
θ/ν ratio 17.41 — favors income trades
4 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +28% @ 64% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.