bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 68.8% — elevated vs history
IV/HV 1.08x — IV premium over HV
Sector percentile 79% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 56.6% — normal range
Effective IV 76.1% (ATM 56.6% + spread 9.8% + bias) — fair
Total drag 15.06% (spread 9.77% + slippage 5.29%) — high friction
Vega efficiency 1.88 (vega 1.834 / spread 9.77%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +37% (strong bullish) — Raw: +32%
|OI skew| 48.4% — call-heavy
Vol skew +35.1%, OI skew +48.4% — aligned
0-DTE 53%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -18%, ATM: +2%, OTM: +46% — bearish (ITM/ATM divergent)
Sector P/C percentile 23% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.3% (5d) — building
Sector activity percentile 31% — below sector avg
Large trade volume 33% — institutional presence
Aggressive execution 30% — patient
Conviction +37 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 9.8% — wide
OI 179,070 — deep
Volume 2,716/day — adequate
$0.49 to cross — cheap
2 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 461.7 contracts (bid:229.5 ask:232.2) — adequate
Avg slippage 5.29% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.0% — flat/unclear
IV percentile 69% — neutral
IV kink 0.9pts — no clear event
θ/ν ratio 2.65 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +37% @ 69% consistency — moderate (bullish)
Score 63 (ITM 20% + inst 33%) — HIGH institutional
For educational purposes only. Not investment advice.