IV is low with bearish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 9.1% — cheap vs history
IV/HV 1.55x — IV premium over HV
Sector percentile 15% — below sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 18.2% — normal range
Effective IV 19.8% (ATM 18.2% + spread 0.8% + bias) — excellent value
Total drag 1.96% (spread 0.80% + slippage 1.16%) — minimal drag
Vega efficiency 3271.83 (vega 261.746 / spread 0.80%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +0% (neutral) — Raw: +0%
|OI skew| 37.9% — put-heavy
Vol skew -18.2%, OI skew -37.9% — aligned
0-DTE 50%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -8%, ATM: -1%, OTM: +4% — neutral (ITM/ATM aligned)
Sector P/C percentile 89% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 38.0% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.2% (5d) — stable
Sector activity percentile 98% — very active vs sector
Large trade volume 27% — mixed
Aggressive execution 88% — highly urgent
Conviction +0 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 0.8% — tight
OI 18,710,276 — deep
Volume 7,117,718/day — active
$0.04 to cross — cheap
57 liquid strikes — good coverage
Sector spread percentile 29% — tighter than sector
Depth 835.9000000000001 contracts (bid:411.8 ask:424.1) — deep
Avg slippage 1.16% — fair
Is now a good time?
Considers earnings proximity,
Slope +1.7% — flat/unclear
IV percentile 9% — buyer opportunity
IV kink 1.5pts — no clear event
θ/ν ratio 2502.35 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +0% @ 50% consistency — unclear
Score 57 (ITM 20% + inst 27%) — moderate institutional
For educational purposes only. Not investment advice.