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 61.1% — elevated vs history
IV/HV 1.24x — IV premium over HV
Sector percentile 73% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 50.2% — normal range
Effective IV 75.4% (ATM 50.2% + spread 12.6% + bias) — fair
Total drag 19.55% (spread 12.59% + slippage 6.96%) — high friction
Vega efficiency 35.19 (vega 44.298 / spread 12.59%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -59% (strong bearish) — Raw: -55%
|OI skew| 45.1% — call-heavy
Vol skew -38.6%, OI skew +45.1% — divergent (opposite)
0-DTE 23%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -13%, ATM: -24%, OTM: -70% — bearish (ITM/ATM aligned)
Sector P/C percentile 92% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 1.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.2% (5d) — building
Sector activity percentile 29% — below sector avg
Large trade volume 21% — mixed
Aggressive execution 32% — patient
Conviction -59 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 12.6% — wide
OI 47,142 — adequate
Volume 661/day — adequate
$0.63 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 78% — wider than sector
Depth 108.19999999999999 contracts (bid:63.9 ask:44.3) — adequate
Avg slippage 6.96% — poor
Is now a good time?
Considers earnings proximity,
Slope +1.7% — flat/unclear
IV percentile 61% — neutral
IV kink 1.0pts — no clear event
θ/ν ratio 510.94 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -59% @ 80% consistency — STRONG directional (bearish)
Score 51 (ITM 20% + inst 21%) — moderate institutional
For educational purposes only. Not investment advice.