IV is low with bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 18.3% — cheap vs history
IV/HV 1.57x — IV premium over HV
Sector percentile 27% — below sector median
Front/Back 1.00x — flat
Put/Call IV 1.16x — elevated
ATM IV 27.2% — normal range
Effective IV 57.7% (ATM 27.2% + spread 15.3% + bias) — good value
Total drag 19.06% (spread 15.27% + slippage 3.79%) — high friction
Vega efficiency 0.97 (vega 1.476 / spread 15.27%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -4% (neutral) — Raw: +2%
|OI skew| 44.7% — call-heavy
Vol skew +49.9%, OI skew +44.7% — aligned
0-DTE 15%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +13%, ATM: -17%, OTM: +47% — neutral (ITM/ATM divergent)
Sector P/C percentile 20% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 4.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -2.3% (5d) — unwinding
Sector activity percentile 59% — neutral vs sector
Large trade volume 11% — mostly retail
Aggressive execution 15% — patient
Conviction -4 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 15.3% — wide
OI 94,265 — deep
Volume 3,777/day — adequate
$0.76 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 39% — tighter than sector
Depth 385.5 contracts (bid:206.1 ask:179.4) — adequate
Avg slippage 3.79% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 18% — buyer opportunity
IV kink 0.2pts — no clear event
θ/ν ratio 11.75 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -4% @ 52% consistency — unclear
Score 41 (ITM 20% + inst 11%) — moderate institutional
For educational purposes only. Not investment advice.