bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 52.7% — elevated vs history
IV/HV 1.24x — IV premium over HV
Sector percentile 65% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 44.7% — normal range
Effective IV 72.7% (ATM 44.7% + spread 14.0% + bias) — fair
Total drag 20.52% (spread 13.99% + slippage 6.53%) — high friction
Vega efficiency 9.55 (vega 13.356 / spread 13.99%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -11% (bearish) — Raw: -6%
|OI skew| 12.2% — balanced
Vol skew +58.3%, OI skew +12.2% — aligned
0-DTE 19%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +64%, ATM: +5%, OTM: -28% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 17% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 2.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.5% (5d) — building
Sector activity percentile 44% — neutral vs sector
Large trade volume 31% — institutional presence
Aggressive execution 32% — patient
Conviction -11 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 14.0% — wide
OI 57,876 — deep
Volume 1,459/day — adequate
$0.70 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 71% — wider than sector
Depth 303.2 contracts (bid:189.2 ask:114.0) — adequate
Avg slippage 6.53% — poor
Is now a good time?
Considers earnings proximity,
Slope -4.9% — flat/unclear
IV percentile 53% — neutral
IV kink -1.6pts — no clear event
θ/ν ratio 470.27 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -11% @ 56% consistency — unclear
Score 61 (ITM 20% + inst 31%) — HIGH institutional
For educational purposes only. Not investment advice.