IV is elevated with bearish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 98.9% — elevated vs history
IV/HV 1.67x — IV premium over HV
Sector percentile 94% — above sector median
Front/Back 1.08x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 87.1% — crisis-level IV
Effective IV 109.1% (ATM 87.1% + spread 11.0% + bias) — expensive
Total drag 24.05% (spread 11.00% + slippage 13.05%) — high friction
Vega efficiency 219.35 (vega 241.288 / spread 11.00%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -6% (neutral) — Raw: -10%
|OI skew| 13.8% — balanced
Vol skew -7.4%, OI skew -13.8% — weak (same direction)
0-DTE 44%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +4%, ATM: -8%, OTM: -10% — neutral (ITM/ATM divergent)
Sector P/C percentile 87% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 8.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +16.7% (5d) — building
Sector activity percentile 61% — active vs sector
Large trade volume 5% — mostly retail
Aggressive execution 23% — patient
Conviction -6 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.0% — wide
OI 453,791 — deep
Volume 39,383/day — active
$0.55 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 94% — much wider than sector
Depth 147.60000000000002 contracts (bid:51.7 ask:95.9) — adequate
Avg slippage 13.05% — poor
Is now a good time?
Considers earnings proximity,
Slope +7.7% — backwardation
IV percentile 99% — seller opportunity
IV kink 8.2pts — no clear event
θ/ν ratio 2074.71 — favors income trades
5 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -6% @ 53% consistency — unclear
Score 35 (ITM 20% + inst 5%) — retail dominated
For educational purposes only. Not investment advice.