IV is elevated with bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 73.9% — elevated vs history
IV/HV 1.05x — IV premium over HV
Sector percentile 87% — above sector median
Front/Back 1.09x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 62.2% — normal range
Effective IV 95.9% (ATM 62.2% + spread 16.9% + bias) — expensive
Total drag 28.63% (spread 16.87% + slippage 11.76%) — high friction
Vega efficiency 28.26 (vega 47.680 / spread 16.87%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +49% (strong bullish) — Raw: +35%
|OI skew| 15.6% — call-heavy
Vol skew +65.1%, OI skew +15.6% — aligned
0-DTE 20%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -25%, ATM: -2%, OTM: +37% — bearish (ITM/ATM aligned)
Sector P/C percentile 22% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 3.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +11.4% (5d) — building
Sector activity percentile 70% — active vs sector
Large trade volume 47% — institutional presence
Aggressive execution 41% — patient
Conviction +49 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 16.9% — wide
OI 76,456 — deep
Volume 2,763/day — adequate
$0.84 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 92% — much wider than sector
Depth 58.3 contracts (bid:32.9 ask:25.4) — thin
Avg slippage 11.76% — poor
Is now a good time?
Considers earnings proximity,
Slope +9.0% — backwardation
IV percentile 74% — seller opportunity
IV kink 4.7pts — no clear event
θ/ν ratio 136.54 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +49% @ 75% consistency — STRONG directional (bullish)
Score 77 (ITM 20% + inst 47%) — HIGH institutional
For educational purposes only. Not investment advice.