bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 57.5% — elevated vs history
IV/HV 0.83x — IV ≤ HV
Sector percentile 72% — above sector median
Front/Back 0.94x — contango
Put/Call IV 1.16x — elevated
ATM IV 47.8% — normal range
Effective IV 57.4% (ATM 47.8% + spread 4.8% + bias) — good value
Total drag 6.54% (spread 4.78% + slippage 1.76%) — high friction
Vega efficiency 2.73 (vega 1.304 / spread 4.78%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +85% (strong bullish) — Raw: +73%
|OI skew| 86.2% — call-heavy
Vol skew +94.5%, OI skew +86.2% — aligned
0-DTE 2%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -85%, ATM: -82%, OTM: +77% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 6% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 4.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +20.0% (5d) — building
Sector activity percentile 66% — active vs sector
Large trade volume 65% — heavy institutional
Aggressive execution 52% — patient
Conviction +85 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 4.8% — acceptable
OI 110,783 — deep
Volume 4,643/day — adequate
$0.24 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 73.4 contracts (bid:30.5 ask:42.9) — thin
Avg slippage 1.76% — fair
Is now a good time?
Considers earnings proximity,
Slope -5.7% — contango
IV percentile 58% — neutral
IV kink -0.4pts — no clear event
θ/ν ratio 3.60 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +85% @ 93% consistency — STRONG directional (bullish)
Score 95 (ITM 20% + inst 65%) — HIGH institutional
For educational purposes only. Not investment advice.