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 31.3% — cheap vs history
IV/HV 1.54x — IV premium over HV
Sector percentile 46% — below sector median
Front/Back 1.69x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 30.2% — normal range
Effective IV 48.3% (ATM 30.2% + spread 9.1% + bias) — excellent value
Total drag 13.46% (spread 9.07% + slippage 4.39%) — high friction
Vega efficiency 17.92 (vega 16.252 / spread 9.07%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -3% (neutral) — Raw: +3%
|OI skew| 37.9% — put-heavy
Vol skew -2.5%, OI skew -37.9% — weak (same direction)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +71%, ATM: +15%, OTM: -6% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 85% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 2.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +8.4% (5d) — building
Sector activity percentile 50% — neutral vs sector
Large trade volume 54% — heavy institutional
Aggressive execution 63% — urgent
Conviction -3 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 9.1% — wide
OI 2,033,354 — deep
Volume 51,170/day — active
$0.45 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 55% — neutral vs sector
Depth 341.5 contracts (bid:163.4 ask:178.1) — adequate
Avg slippage 4.39% — poor
Is now a good time?
Considers earnings proximity,
Slope +69.5% — backwardation
IV percentile 31% — neutral
IV kink 17.1pts — event priced
θ/ν ratio 902.87 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -3% @ 51% consistency — unclear
Score 84 (ITM 20% + inst 54%) — HIGH institutional
For educational purposes only. Not investment advice.