bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 50.0% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 50% — below sector median
Front/Back 1.06x — backwardation
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 28.9% (ATM 0.0% + spread 14.5% + bias) — excellent value
Total drag 23.64% (spread 14.47% + slippage 9.17%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 14.47%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -49% (strong bearish) — Raw: -42%
|OI skew| 51.1% — call-heavy
Vol skew +69.4%, OI skew +51.1% — aligned
0-DTE 6%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: -93%, OTM: -4% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 12% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 4.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +5.8% (5d) — building
Sector activity percentile 78% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 64% — urgent
Conviction -49 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 14.5% — wide
OI 1,960 — thin
Volume 85/day — thin
$0.72 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 79.4 contracts (bid:22.8 ask:56.6) — thin
Avg slippage 9.17% — poor
Is now a good time?
Considers earnings proximity,
Slope +5.6% — backwardation
IV percentile 50% — neutral
IV kink 1.4pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
safe window: Earnings in 20d (low risk)
Spread ratio 1.00x — stable
Flow -49% @ 75% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.