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 0.96x — IV ≤ HV
Sector percentile 63% — above sector median
Front/Back 0.88x — contango
Put/Call IV 1.16x — elevated
ATM IV 43.2% — normal range
Effective IV 66.2% (ATM 43.2% + spread 11.5% + bias) — fair
Total drag 16.52% (spread 11.49% + slippage 5.03%) — high friction
Vega efficiency 27.07 (vega 31.107 / spread 11.49%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +3% (neutral) — Raw: +9%
|OI skew| 41.9% — call-heavy
Vol skew +35.9%, OI skew +41.9% — aligned
0-DTE 24%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -10%, ATM: +21%, OTM: +6% — neutral (ITM/ATM divergent)
Sector P/C percentile 24% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 3.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.5% (5d) — building
Sector activity percentile 50% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 28% — patient
Conviction +3 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.5% — wide
OI 45,740 — adequate
Volume 1,407/day — adequate
$0.57 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 69% — wider than sector
Depth 149.2 contracts (bid:64.0 ask:85.2) — adequate
Avg slippage 5.03% — poor
Is now a good time?
Considers earnings proximity,
Slope -11.9% — contango
IV percentile 50% — neutral
IV kink -3.5pts — no clear event
θ/ν ratio 305.57 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +3% @ 52% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.