IV is elevated with 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 70.4% — elevated vs history
IV/HV 0.81x — IV ≤ HV
Sector percentile 80% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 57.9% — normal range
Effective IV 80.5% (ATM 57.9% + spread 11.3% + bias) — expensive
Total drag 16.95% (spread 11.32% + slippage 5.63%) — high friction
Vega efficiency 3.94 (vega 4.460 / spread 11.32%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +5% (neutral) — Raw: +3%
|OI skew| 56.9% — call-heavy
Vol skew +38.4%, OI skew +56.9% — aligned
0-DTE 27%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +34%, ATM: -14%, OTM: +4% — bullish (ITM/ATM divergent)
Sector P/C percentile 23% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 3.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +7.2% (5d) — building
Sector activity percentile 55% — neutral vs sector
Large trade volume 33% — institutional presence
Aggressive execution 50% — patient
Conviction +5 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.3% — wide
OI 854,360 — deep
Volume 30,477/day — active
$0.57 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 744.1 contracts (bid:414.8 ask:329.3) — deep
Avg slippage 5.63% — poor
Is now a good time?
Considers earnings proximity,
Slope -3.4% — flat/unclear
IV percentile 70% — seller opportunity
IV kink -0.2pts — no clear event
θ/ν ratio 743.37 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +5% @ 52% consistency — unclear
Score 63 (ITM 20% + inst 33%) — HIGH institutional
For educational purposes only. Not investment advice.