Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 51.6% — elevated vs history
IV/HV 1.18x — IV premium over HV
Sector percentile 64% — above sector median
Front/Back 1.07x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 44.0% — normal range
Effective IV 69.1% (ATM 44.0% + spread 12.6% + bias) — fair
Total drag 18.72% (spread 12.56% + slippage 6.16%) — high friction
Vega efficiency 24.46 (vega 30.716 / spread 12.56%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +10% (neutral) — Raw: +9%
|OI skew| 2.9% — balanced
Vol skew +20.4%, OI skew +2.9% — aligned
0-DTE 12%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -1%, ATM: -6%, OTM: +17% — neutral (ITM/ATM aligned)
Sector P/C percentile 29% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 0.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +1.9% (5d) — stable
Sector activity percentile 21% — below sector avg
Large trade volume 18% — mixed
Aggressive execution 28% — patient
Conviction +10 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 12.6% — wide
OI 139,281 — deep
Volume 1,257/day — adequate
$0.63 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 70% — wider than sector
Depth 479.0 contracts (bid:252.4 ask:226.6) — adequate
Avg slippage 6.16% — poor
Is now a good time?
Considers earnings proximity,
Slope +7.4% — backwardation
IV percentile 52% — neutral
IV kink 2.1pts — no clear event
θ/ν ratio 727.87 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +10% @ 55% consistency — unclear
Score 48 (ITM 20% + inst 18%) — moderate institutional
For educational purposes only. Not investment advice.