IV is low with bullish flow and 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 0.1% — cheap vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 0% — below sector median
Front/Back 1.18x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 2.4% — normal range
Effective IV 3.5% (ATM 2.4% + spread 0.6% + bias) — excellent value
Total drag 0.55% (spread 0.55% + slippage 0.00%) — minimal drag
Vega efficiency 0.00 (vega 0.000 / spread 0.55%) — spread drag
Bullish or bearish?
Analyzes
P/C 0.17 — call-heavy (buy/sell unknown)
|OI skew| 5.2% — balanced
Vol skew +71.3%, OI skew +5.2% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
Sector P/C percentile 30% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.9x avg — normal
Vol/OI 15.3% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.0% (5d) — stable
Sector activity percentile 92% — very active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction +0 (neutral) — mixed
Can I trade efficiently?
Evaluates
Spread 0.6% — tight
OI 18,990 — adequate
Volume 2,903/day — adequate
$0.03 to cross — cheap
10 liquid strikes — good coverage
Sector spread percentile 61% — wider than sector
Depth 0 contracts (bid:0 ask:0) — thin
Avg slippage 0.00% — excellent
Is now a good time?
Considers earnings proximity,
Slope +18.2% — backwardation
IV percentile 0% — buyer opportunity
IV kink 0.0pts — no clear event
θ/ν ratio 1.00 — favors mixed
2 liquid expirations — limited
caution advised: No earnings detected; CPI in 2d (HIGH)
Spread ratio 1.00x — stable
Flow +0% @ 50% consistency — unclear
Score 60 (ITM 20% + inst 30%) — HIGH institutional
For educational purposes only. Not investment advice.