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 94.3% — elevated vs history
IV/HV 1.13x — IV premium over HV
Sector percentile 92% — above sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 105.0% — crisis-level IV
Effective IV 131.2% (ATM 105.0% + spread 13.1% + bias) — expensive
Total drag 18.13% (spread 13.12% + slippage 5.01%) — high friction
Vega efficiency 2.59 (vega 3.401 / spread 13.12%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +39% (strong bullish) — Raw: +39%
|OI skew| 48.0% — call-heavy
Vol skew +68.1%, OI skew +48.0% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -9%, ATM: +56%, OTM: +29% — bullish (ITM/ATM divergent)
Sector P/C percentile 27% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 8.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.8% (5d) — building
Sector activity percentile 88% — very active vs sector
Large trade volume 24% — mixed
Aggressive execution 50% — patient
Conviction +39 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 13.1% — wide
OI 263,187 — deep
Volume 21,387/day — active
$0.66 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 96% — much wider than sector
Depth 897.4 contracts (bid:530.8 ask:366.6) — deep
Avg slippage 5.01% — poor
Is now a good time?
Considers earnings proximity,
Slope -2.7% — flat/unclear
IV percentile 94% — seller opportunity
IV kink -1.5pts — no clear event
θ/ν ratio 239.51 — favors income trades
4 liquid expirations — flexible
caution advised: CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +39% @ 70% consistency — moderate (bullish)
Score 54 (ITM 20% + inst 24%) — moderate institutional
For educational purposes only. Not investment advice.