bullish flow with unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 66.1% — elevated vs history
IV/HV 1.01x — IV ≤ HV
Sector percentile 77% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 53.8% — normal range
Effective IV 59.2% (ATM 53.8% + spread 2.7% + bias) — good value
Total drag 4.48% (spread 2.71% + slippage 1.77%) — high friction
Vega efficiency 133.92 (vega 36.294 / spread 2.71%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -2% (neutral) — Raw: -6%
|OI skew| 31.2% — call-heavy
Vol skew +43.5%, OI skew +31.2% — aligned
0-DTE 20%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +14%, ATM: +4%, OTM: -10% — bullish (ITM/ATM aligned)
Sector P/C percentile 21% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 7.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.0% (5d) — building
Sector activity percentile 75% — active vs sector
Large trade volume 46% — institutional presence
Aggressive execution 38% — patient
Conviction -2 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 2.7% — acceptable
OI 8,667,836 — deep
Volume 643,592/day — active
$0.14 to cross — cheap
29 liquid strikes — good coverage
Sector spread percentile 81% — much wider than sector
Depth 1,406.1999999999998 contracts (bid:652.3 ask:753.9) — deep
Avg slippage 1.77% — fair
Is now a good time?
Considers earnings proximity,
Slope -5.0% — flat/unclear
IV percentile 66% — neutral
IV kink -2.2pts — no clear event
θ/ν ratio 2062.14 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -2% @ 51% consistency — unclear
Score 76 (ITM 20% + inst 46%) — HIGH institutional
For educational purposes only. Not investment advice.