IV is elevated with 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 91.4% — elevated vs history
IV/HV 1.40x — IV premium over HV
Sector percentile 98% — above sector median
Front/Back 0.83x — contango
Put/Call IV 1.16x — elevated
ATM IV 99.6% — crisis-level IV
Effective IV 144.4% (ATM 99.6% + spread 22.4% + bias) — expensive
Total drag 32.33% (spread 22.41% + slippage 9.92%) — high friction
Vega efficiency 0.82 (vega 1.829 / spread 22.41%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +17% (bullish) — Raw: +6%
|OI skew| 50.4% — call-heavy
Vol skew +34.7%, OI skew +50.4% — aligned
0-DTE 24%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +52%, ATM: -15%, OTM: -14% — bullish (ITM/ATM divergent)
Sector P/C percentile 67% — bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 1.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.4% (5d) — building
Sector activity percentile 38% — below sector avg
Large trade volume 25% — mixed
Aggressive execution 29% — patient
Conviction +17 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 22.4% — wide
OI 210,519 — deep
Volume 3,380/day — adequate
$1.12 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 99% — much wider than sector
Depth 571.9 contracts (bid:367.7 ask:204.2) — deep
Avg slippage 9.92% — poor
Is now a good time?
Considers earnings proximity,
Slope -16.8% — contango
IV percentile 91% — seller opportunity
IV kink -11.0pts — no clear event
θ/ν ratio 80.91 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +17% @ 58% consistency — unclear
Score 55 (ITM 20% + inst 25%) — moderate institutional
For educational purposes only. Not investment advice.