IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 97.5% — elevated vs history
IV/HV 1.19x — IV premium over HV
Sector percentile 98% — above sector median
Front/Back 1.18x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 147.8% — crisis-level IV
Effective IV 161.9% (ATM 147.8% + spread 7.1% + bias) — expensive
Total drag 13.71% (spread 7.06% + slippage 6.65%) — high friction
Vega efficiency 34.59 (vega 24.421 / spread 7.06%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +5% (neutral) — Raw: +11%
|OI skew| 13.1% — balanced
Vol skew -37.0%, OI skew -13.1% — aligned
0-DTE 61%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +2%, ATM: +5%, OTM: +13% — neutral (ITM/ATM aligned)
Sector P/C percentile 93% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 14.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +16.0% (5d) — building
Sector activity percentile 88% — very active vs sector
Large trade volume 23% — mixed
Aggressive execution 25% — patient
Conviction +5 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.1% — wide
OI 1,133,323 — deep
Volume 158,669/day — active
$0.35 to cross — cheap
2 liquid strikes — limited options
Sector spread percentile 99% — much wider than sector
Depth 211.8 contracts (bid:100.0 ask:111.8) — adequate
Avg slippage 6.65% — poor
Is now a good time?
Considers earnings proximity,
Slope +18.1% — backwardation
IV percentile 98% — seller opportunity
IV kink 18.6pts — event priced
θ/ν ratio 57.88 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +5% @ 53% consistency — unclear
Score 53 (ITM 20% + inst 23%) — moderate institutional
For educational purposes only. Not investment advice.