IV is low with bullish flow and unusual activity. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 1.3% — cheap vs history
IV/HV 0.95x — IV ≤ HV
Sector percentile 2% — below sector median
Front/Back 0.90x — contango
Put/Call IV 1.16x — elevated
ATM IV 11.0% — normal range
Effective IV 15.4% (ATM 11.0% + spread 2.2% + bias) — excellent value
Total drag 5.15% (spread 2.21% + slippage 2.94%) — high friction
Vega efficiency 25.28 (vega 5.587 / spread 2.21%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -1% (neutral) — Raw: -2%
|OI skew| 25.0% — call-heavy
Vol skew +30.3%, OI skew +25.0% — aligned
0-DTE 10%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -12%, ATM: +8%, OTM: -15% — neutral (ITM/ATM divergent)
Sector P/C percentile 24% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 8.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +7.0% (5d) — building
Sector activity percentile 78% — active vs sector
Large trade volume 67% — heavy institutional
Aggressive execution 68% — urgent
Conviction -1 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 2.2% — acceptable
OI 8,086,602 — deep
Volume 704,692/day — active
$0.11 to cross — cheap
7 liquid strikes — good coverage
Sector spread percentile 19% — much tighter than sector
Depth 1,006.6999999999999 contracts (bid:540.3 ask:466.4) — deep
Avg slippage 2.94% — poor
Is now a good time?
Considers earnings proximity,
Slope -9.6% — contango
IV percentile 1% — buyer opportunity
IV kink -0.7pts — no clear event
θ/ν ratio 291.00 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -1% @ 50% consistency — unclear
Score 97 (ITM 20% + inst 67%) — HIGH institutional
For educational purposes only. Not investment advice.