IV is low. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 23.6% — cheap vs history
IV/HV 0.83x — IV ≤ HV
Sector percentile 35% — below sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 29.5% — normal range
Effective IV 99.9% (ATM 29.5% + spread 35.2% + bias) — expensive
Total drag 41.55% (spread 35.19% + slippage 6.36%) — high friction
Vega efficiency 3.34 (vega 11.761 / spread 35.19%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +4% (neutral) — Raw: +2%
|OI skew| 41.3% — call-heavy
Vol skew -38.7%, OI skew +41.3% — divergent (opposite)
0-DTE 4%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: -41%, OTM: +5% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 92% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 3.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.0% (5d) — building
Sector activity percentile 51% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 16% — patient
Conviction +4 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 35.2% — wide
OI 15,304 — adequate
Volume 509/day — adequate
$1.76 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 46% — neutral vs sector
Depth 416.1 contracts (bid:313.2 ask:102.9) — adequate
Avg slippage 6.36% — poor
Is now a good time?
Considers earnings proximity,
Slope -5.2% — contango
IV percentile 24% — buyer opportunity
IV kink -0.8pts — no clear event
θ/ν ratio 940.85 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +4% @ 52% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.