IV is low with 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 0.2% — cheap vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 0% — below sector median
Front/Back 0.71x — contango
Put/Call IV 1.16x — elevated
ATM IV 2.1% — normal range
Effective IV 3.2% (ATM 2.1% + spread 0.5% + bias) — excellent value
Total drag 0.54% (spread 0.54% + slippage 0.00%) — minimal drag
Vega efficiency 0.00 (vega 0.000 / spread 0.54%) — spread drag
Bullish or bearish?
Analyzes
P/C 1.28 — balanced (buy/sell unknown)
|OI skew| 44.0% — call-heavy
Vol skew -12.4%, OI skew +44.0% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
Sector P/C percentile 80% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 0.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.2% (5d) — stable
Sector activity percentile 21% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction +0 (neutral) — mixed
Can I trade efficiently?
Evaluates
Spread 0.5% — tight
OI 135,972 — deep
Volume 557/day — adequate
$0.03 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 58% — neutral vs sector
Depth 0 contracts (bid:0 ask:0) — thin
Avg slippage 0.00% — excellent
Is now a good time?
Considers earnings proximity,
Slope -29.2% — contango
IV percentile 0% — buyer opportunity
IV kink -0.5pts — no clear event
θ/ν ratio 1.00 — favors mixed
4 liquid expirations — flexible
HIGH RISK: No earnings detected; FOMC in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +0% @ 50% consistency — unclear
Score 60 (ITM 20% + inst 30%) — HIGH institutional
For educational purposes only. Not investment advice.