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 65.8% — elevated vs history
IV/HV 1.17x — IV premium over HV
Sector percentile 79% — above sector median
Front/Back 1.06x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 48.7% — normal range
Effective IV 95.1% (ATM 48.7% + spread 23.2% + bias) — expensive
Total drag 29.72% (spread 23.20% + slippage 6.52%) — high friction
Vega efficiency 4.23 (vega 9.809 / spread 23.20%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +99% (strong bullish) — Raw: +94%
|OI skew| 56.3% — call-heavy
Vol skew -75.1%, OI skew +56.3% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: +50%, OTM: +56% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 98% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 3.3x avg — hot
Vol/OI 6.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.4% (5d) — building
Sector activity percentile 82% — very active vs sector
Large trade volume 85% — heavy institutional
Aggressive execution 8% — patient
Conviction +99 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 23.2% — wide
OI 13,631 — adequate
Volume 941/day — adequate
$1.16 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 350.4 contracts (bid:145.9 ask:204.5) — adequate
Avg slippage 6.52% — poor
Is now a good time?
Considers earnings proximity,
Slope +6.4% — backwardation
IV percentile 66% — neutral
IV kink 3.2pts — no clear event
θ/ν ratio 700.64 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +99% @ 99% consistency — STRONG directional (bullish)
Score 115 (ITM 20% + inst 85%) — HIGH institutional
For educational purposes only. Not investment advice.