IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 92.8% — elevated vs history
IV/HV 0.92x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 105.9% — crisis-level IV
Effective IV 137.4% (ATM 105.9% + spread 15.7% + bias) — expensive
Total drag 20.29% (spread 15.73% + slippage 4.56%) — high friction
Vega efficiency 33.86 (vega 53.260 / spread 15.73%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -1% (neutral) — Raw: -11%
|OI skew| 30.3% — call-heavy
Vol skew +53.6%, OI skew +30.3% — aligned
0-DTE 24%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +35%, ATM: -29%, OTM: -19% — neutral (ITM/ATM divergent)
Sector P/C percentile 16% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 8.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +12.3% (5d) — building
Sector activity percentile 77% — active vs sector
Large trade volume 8% — mostly retail
Aggressive execution 15% — patient
Conviction -1 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 15.7% — wide
OI 113,518 — deep
Volume 9,770/day — active
$0.79 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 96% — much wider than sector
Depth 182.4 contracts (bid:90.7 ask:91.7) — adequate
Avg slippage 4.56% — poor
Is now a good time?
Considers earnings proximity,
Slope -5.0% — flat/unclear
IV percentile 93% — seller opportunity
IV kink -7.4pts — no clear event
θ/ν ratio 1224.37 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -1% @ 50% consistency — unclear
Score 38 (ITM 20% + inst 8%) — retail dominated
For educational purposes only. Not investment advice.