bullish flow with unusual activity. Conditions favor option buyers.
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 1.34x — backwardation
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 15.8% (ATM 0.0% + spread 7.9% + bias) — excellent value
Total drag 14.17% (spread 7.90% + slippage 6.27%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 7.90%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -5% (neutral) — Raw: +8%
|OI skew| 73.4% — call-heavy
Vol skew +71.4%, OI skew +73.4% — aligned
0-DTE 42%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -14%, ATM: -23%, OTM: +17% — bearish (ITM/ATM aligned)
Sector P/C percentile 32% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 6.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.4% (5d) — building
Sector activity percentile 66% — active vs sector
Large trade volume 39% — institutional presence
Aggressive execution 75% — urgent
Conviction -5 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.9% — wide
OI 1,159,127 — deep
Volume 80,490/day — active
$0.40 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 673.7 contracts (bid:362.3 ask:311.4) — deep
Avg slippage 6.27% — poor
Is now a good time?
Considers earnings proximity,
Slope +34.5% — backwardation
IV percentile 50% — neutral
IV kink 19.8pts — event priced
θ/ν ratio 1.00 — favors mixed
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -5% @ 52% consistency — unclear
Score 69 (ITM 20% + inst 39%) — HIGH institutional
For educational purposes only. Not investment advice.