IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 76.4% — elevated vs history
IV/HV 0.89x — IV ≤ HV
Sector percentile 65% — above sector median
Front/Back 0.93x — contango
Put/Call IV 1.16x — elevated
ATM IV 65.7% — normal range
Effective IV 83.6% (ATM 65.7% + spread 8.9% + bias) — expensive
Total drag 14.27% (spread 8.93% + slippage 5.34%) — high friction
Vega efficiency 84.78 (vega 75.704 / spread 8.93%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -2% (neutral) — Raw: +1%
|OI skew| 12.3% — balanced
Vol skew +43.3%, OI skew +12.3% — aligned
0-DTE 39%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -29%, ATM: +5%, OTM: +2% — bearish (ITM/ATM divergent)
Sector P/C percentile 42% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 6.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.2% (5d) — building
Sector activity percentile 80% — active vs sector
Large trade volume 9% — mostly retail
Aggressive execution 34% — patient
Conviction -2 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.9% — wide
OI 462,274 — deep
Volume 31,397/day — active
$0.45 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 158.9 contracts (bid:75.4 ask:83.5) — adequate
Avg slippage 5.34% — poor
Is now a good time?
Considers earnings proximity,
Slope -7.0% — contango
IV percentile 76% — seller opportunity
IV kink -0.2pts — no clear event
θ/ν ratio 1911.72 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -2% @ 51% consistency — unclear
Score 39 (ITM 20% + inst 9%) — retail dominated
For educational purposes only. Not investment advice.