bullish flow with unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 53.2% — elevated vs history
IV/HV 2.94x — IV premium over HV
Sector percentile 66% — above sector median
Front/Back 2.24x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 45.0% — normal range
Effective IV 106.0% (ATM 45.0% + spread 30.5% + bias) — expensive
Total drag 35.19% (spread 30.49% + slippage 4.70%) — high friction
Vega efficiency 5.39 (vega 16.426 / spread 30.49%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: +4% (neutral) — Raw: +0%
|OI skew| 23.6% — call-heavy
Vol skew +96.0%, OI skew +23.6% — aligned
0-DTE 1%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -27%, ATM: -10%, OTM: +0% — bearish (ITM/ATM aligned)
Sector P/C percentile 2% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 5.8x avg — hot
Vol/OI 35.9% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +10.3% (5d) — building
Sector activity percentile 97% — very active vs sector
Large trade volume 98% — heavy institutional
Aggressive execution 9% — patient
Conviction +4 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 30.5% — wide
OI 665,275 — deep
Volume 238,735/day — active
$1.52 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 71% — wider than sector
Depth 360.6 contracts (bid:134.2 ask:226.4) — adequate
Avg slippage 4.70% — poor
Is now a good time?
Considers earnings proximity,
Slope +124.2% — backwardation
IV percentile 53% — neutral
IV kink 22.7pts — event priced
θ/ν ratio 1693.44 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +4% @ 52% consistency — unclear
Score 128 (ITM 20% + inst 98%) — HIGH institutional
For educational purposes only. Not investment advice.