Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 56.3% — elevated vs history
IV/HV 1.16x — IV premium over HV
Sector percentile 42% — below sector median
Front/Back 1.05x — flat
Put/Call IV 1.16x — elevated
ATM IV 47.0% — normal range
Effective IV 62.8% (ATM 47.0% + spread 7.9% + bias) — good value
Total drag 12.74% (spread 7.91% + slippage 4.83%) — high friction
Vega efficiency 36.10 (vega 28.556 / spread 7.91%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -14% (bearish) — Raw: -17%
|OI skew| 26.4% — call-heavy
Vol skew +26.2%, OI skew +26.4% — aligned
0-DTE 33%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +34%, ATM: -26%, OTM: -18% — neutral (ITM/ATM divergent)
Sector P/C percentile 49% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 4.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.5% (5d) — building
Sector activity percentile 64% — active vs sector
Large trade volume 26% — mixed
Aggressive execution 52% — patient
Conviction -14 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.9% — wide
OI 1,229,958 — deep
Volume 53,141/day — active
$0.40 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 68% — wider than sector
Depth 239.3 contracts (bid:115.4 ask:123.9) — adequate
Avg slippage 4.83% — poor
Is now a good time?
Considers earnings proximity,
Slope +5.0% — flat/unclear
IV percentile 56% — neutral
IV kink -1.0pts — no clear event
θ/ν ratio 865.32 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -14% @ 57% consistency — unclear
Score 56 (ITM 20% + inst 26%) — moderate institutional
For educational purposes only. Not investment advice.