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 65.6% — elevated vs history
IV/HV 1.05x — IV ≤ HV
Sector percentile 79% — above sector median
Front/Back 1.04x — flat
Put/Call IV 1.16x — elevated
ATM IV 48.5% — normal range
Effective IV 83.3% (ATM 48.5% + spread 17.4% + bias) — expensive
Total drag 23.45% (spread 17.42% + slippage 6.03%) — high friction
Vega efficiency 15.79 (vega 27.512 / spread 17.42%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +35% (strong bullish) — Raw: +29%
|OI skew| 41.8% — call-heavy
Vol skew +30.7%, OI skew +41.8% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +40%, ATM: +25%, OTM: +28% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 21% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.0% (5d) — building
Sector activity percentile 44% — neutral vs sector
Large trade volume 12% — mostly retail
Aggressive execution 26% — patient
Conviction +35 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 17.4% — wide
OI 53,401 — deep
Volume 851/day — adequate
$0.87 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 347.2 contracts (bid:187.5 ask:159.7) — adequate
Avg slippage 6.03% — poor
Is now a good time?
Considers earnings proximity,
Slope +4.1% — flat/unclear
IV percentile 66% — neutral
IV kink 3.3pts — no clear event
θ/ν ratio 802.08 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +35% @ 68% consistency — moderate (bullish)
Score 42 (ITM 20% + inst 12%) — moderate institutional
For educational purposes only. Not investment advice.