IV is elevated with bullish flow and 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 82.9% — elevated vs history
IV/HV 0.83x — IV ≤ HV
Sector percentile 59% — above sector median
Front/Back 0.86x — contango
Put/Call IV 1.16x — elevated
ATM IV 75.6% — normal range
Effective IV 108.8% (ATM 75.6% + spread 16.6% + bias) — expensive
Total drag 22.29% (spread 16.59% + slippage 5.70%) — high friction
Vega efficiency 0.74 (vega 1.223 / spread 16.59%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -2% (neutral) — Raw: -1%
|OI skew| 52.2% — call-heavy
Vol skew +35.9%, OI skew +52.2% — aligned
0-DTE 29%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -4%, ATM: -21%, OTM: +6% — bearish (ITM/ATM aligned)
Sector P/C percentile 48% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 5.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +14.9% (5d) — building
Sector activity percentile 78% — active vs sector
Large trade volume 33% — institutional presence
Aggressive execution 26% — patient
Conviction -2 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 16.6% — wide
OI 169,510 — deep
Volume 9,410/day — active
$0.83 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 96.1 contracts (bid:47.6 ask:48.5) — thin
Avg slippage 5.70% — poor
Is now a good time?
Considers earnings proximity,
Slope -14.3% — contango
IV percentile 83% — seller opportunity
IV kink -9.7pts — no clear event
θ/ν ratio 2.76 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -2% @ 51% consistency — unclear
Score 63 (ITM 20% + inst 33%) — HIGH institutional
For educational purposes only. Not investment advice.