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 50.0% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 50% — below sector median
Front/Back 1.00x — flat
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 23.5% (ATM 0.0% + spread 11.8% + bias) — excellent value
Total drag 15.09% (spread 11.75% + slippage 3.34%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 11.75%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +6% (neutral) — Raw: -4%
|OI skew| 58.7% — call-heavy
Vol skew +59.5%, OI skew +58.7% — aligned
0-DTE 9%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -16%, ATM: +36%, OTM: -11% — neutral (ITM/ATM divergent)
Sector P/C percentile 16% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 2.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.4% (5d) — building
Sector activity percentile 48% — neutral vs sector
Large trade volume 28% — mixed
Aggressive execution 21% — patient
Conviction +6 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.8% — wide
OI 612,242 — deep
Volume 17,431/day — active
$0.59 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 1,262.2 contracts (bid:745.0 ask:517.2) — deep
Avg slippage 3.34% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 50% — neutral
IV kink 0.0pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +6% @ 53% consistency — unclear
Score 58 (ITM 20% + inst 28%) — moderate institutional
For educational purposes only. Not investment advice.