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 69.0% — elevated vs history
IV/HV 3.11x — IV premium over HV
Sector percentile 82% — above sector median
Front/Back 4.00x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 64.1% — normal range
Effective IV 67.4% (ATM 64.1% + spread 1.6% + bias) — fair
Total drag 2.66% (spread 1.63% + slippage 1.03%) — acceptable
Vega efficiency 0.00 (vega 0.000 / spread 1.63%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +2% (neutral) — Raw: +2%
|OI skew| 12.4% — balanced
Vol skew -0.8%, OI skew -12.4% — weak (same direction)
0-DTE 54%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +3%, ATM: -3%, OTM: +4% — neutral (ITM/ATM divergent)
Sector P/C percentile 87% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 74.0% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +8.2% (5d) — building
Sector activity percentile 98% — very active vs sector
Large trade volume 20% — mixed
Aggressive execution 60% — patient
Conviction +2 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 1.6% — tight
OI 11,406,125 — deep
Volume 8,437,807/day — active
$0.08 to cross — cheap
46 liquid strikes — good coverage
Sector spread percentile 87% — much wider than sector
Depth 180.0 contracts (bid:90.0 ask:90.0) — adequate
Avg slippage 1.03% — fair
Is now a good time?
Considers earnings proximity,
Slope +300.4% — backwardation
IV percentile 69% — neutral
IV kink 65.2pts — event priced
θ/ν ratio 1.00 — favors mixed
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +2% @ 51% consistency — unclear
Score 50 (ITM 20% + inst 20%) — moderate institutional
For educational purposes only. Not investment advice.