IV is elevated with 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 83.0% — elevated vs history
IV/HV 1.17x — IV premium over HV
Sector percentile 65% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 75.7% — normal range
Effective IV 98.0% (ATM 75.7% + spread 11.2% + bias) — expensive
Total drag 20.01% (spread 11.15% + slippage 8.86%) — high friction
Vega efficiency 15.79 (vega 17.604 / spread 11.15%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -47% (strong bearish) — Raw: -20%
|OI skew| 15.3% — put-heavy
Vol skew +30.3%, OI skew -15.3% — divergent (opposite)
0-DTE 39%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -41%, ATM: +18%, OTM: -20% — bearish (ITM/ATM divergent)
Sector P/C percentile 63% — bearish vs sector
Unusual activity?
Detects volume surges,
Volume 2.3x avg — hot
Vol/OI 10.7% — normal turnover
Top 3 strikes = 50% — dispersed
4 day(s) elevated — sustained
OI change +22.9% (5d) — building
Sector activity percentile 79% — active vs sector
Large trade volume 35% — institutional presence
Aggressive execution 43% — patient
Conviction -47 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 11.2% — wide
OI 59,671 — deep
Volume 6,366/day — active
$0.56 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 81% — much wider than sector
Depth 116.4 contracts (bid:61.9 ask:54.5) — adequate
Avg slippage 8.86% — poor
Is now a good time?
Considers earnings proximity,
Slope -2.7% — flat/unclear
IV percentile 83% — seller opportunity
IV kink -0.4pts — no clear event
θ/ν ratio 92.55 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -47% @ 73% consistency — STRONG directional (bearish)
Score 65 (ITM 20% + inst 35%) — HIGH institutional
For educational purposes only. Not investment advice.