bullish flow with 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 33.9% — cheap vs history
IV/HV 1.21x — IV premium over HV
Sector percentile 47% — below sector median
Front/Back 0.99x — contango
Put/Call IV 1.16x — elevated
ATM IV 34.4% — normal range
Effective IV 47.7% (ATM 34.4% + spread 6.6% + bias) — excellent value
Total drag 10.49% (spread 6.63% + slippage 3.86%) — high friction
Vega efficiency 15.20 (vega 10.075 / spread 6.63%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +4% (neutral) — Raw: +4%
|OI skew| 50.3% — call-heavy
Vol skew +82.6%, OI skew +50.3% — aligned
0-DTE 9%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -12%, ATM: -15%, OTM: +11% — bearish (ITM/ATM aligned)
Sector P/C percentile 7% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.2x avg — hot
Vol/OI 8.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +12.6% (5d) — building
Sector activity percentile 77% — active vs sector
Large trade volume 76% — heavy institutional
Aggressive execution 66% — urgent
Conviction +4 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 6.6% — wide
OI 3,564,808 — deep
Volume 297,592/day — active
$0.33 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 56% — neutral vs sector
Depth 842.7 contracts (bid:449.0 ask:393.7) — deep
Avg slippage 3.86% — poor
Is now a good time?
Considers earnings proximity,
Slope -1.5% — flat/unclear
IV percentile 34% — neutral
IV kink -0.6pts — no clear event
θ/ν ratio 1325.72 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +4% @ 52% consistency — unclear
Score 106 (ITM 20% + inst 76%) — HIGH institutional
For educational purposes only. Not investment advice.