IV is elevated with unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 77.0% — elevated vs history
IV/HV 1.44x — IV premium over HV
Sector percentile 85% — above sector median
Front/Back 1.00x — flat
Put/Call IV 1.16x — elevated
ATM IV 66.4% — normal range
Effective IV 76.6% (ATM 66.4% + spread 5.1% + bias) — fair
Total drag 8.18% (spread 5.10% + slippage 3.08%) — high friction
Vega efficiency 25.32 (vega 12.915 / spread 5.10%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +5% (neutral) — Raw: +5%
|OI skew| 9.3% — balanced
Vol skew +7.1%, OI skew +9.3% — weak (same direction)
0-DTE 50%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +8%, ATM: +5%, OTM: +4% — neutral (ITM/ATM aligned)
Sector P/C percentile 32% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 18.5% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +11.3% (5d) — building
Sector activity percentile 92% — very active vs sector
Large trade volume 32% — institutional presence
Aggressive execution 45% — patient
Conviction +5 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 5.1% — wide
OI 1,463,711 — deep
Volume 270,602/day — active
$0.26 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 87% — much wider than sector
Depth 977.8 contracts (bid:492.1 ask:485.7) — deep
Avg slippage 3.08% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.3% — flat/unclear
IV percentile 77% — seller opportunity
IV kink 1.7pts — no clear event
θ/ν ratio 184.51 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +5% @ 53% consistency — unclear
Score 62 (ITM 20% + inst 32%) — HIGH institutional
For educational purposes only. Not investment advice.