bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 49.5% — elevated vs history
IV/HV 1.27x — IV premium over HV
Sector percentile 46% — below sector median
Front/Back 0.92x — contango
Put/Call IV 1.16x — elevated
ATM IV 36.0% — normal range
Effective IV 51.3% (ATM 36.0% + spread 7.6% + bias) — good value
Total drag 12.84% (spread 7.63% + slippage 5.21%) — high friction
Vega efficiency 35.21 (vega 26.869 / spread 7.63%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +24% (bullish) — Raw: +27%
|OI skew| 30.9% — call-heavy
Vol skew +25.2%, OI skew +30.9% — aligned
0-DTE 17%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +19%, ATM: +5%, OTM: +43% — bullish (ITM/ATM aligned)
Sector P/C percentile 39% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 2.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +5.4% (5d) — building
Sector activity percentile 46% — neutral vs sector
Large trade volume 18% — mixed
Aggressive execution 47% — patient
Conviction +24 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.6% — wide
OI 88,185 — deep
Volume 2,209/day — adequate
$0.38 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 49% — neutral vs sector
Depth 64.80000000000001 contracts (bid:32.6 ask:32.2) — thin
Avg slippage 5.21% — poor
Is now a good time?
Considers earnings proximity,
Slope -7.8% — contango
IV percentile 50% — neutral
IV kink -6.4pts — no clear event
θ/ν ratio 100.48 — favors income trades
5 liquid expirations — flexible
acceptable: Earnings in 13d
Spread ratio 1.00x — stable
Flow +24% @ 62% consistency — unclear
Score 48 (ITM 20% + inst 18%) — moderate institutional
For educational purposes only. Not investment advice.