IV is elevated with bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 95.4% — elevated vs history
IV/HV 1.12x — IV premium over HV
Sector percentile 97% — above sector median
Front/Back 1.08x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 110.2% — crisis-level IV
Effective IV 131.3% (ATM 110.2% + spread 10.5% + bias) — expensive
Total drag 13.89% (spread 10.53% + slippage 3.36%) — high friction
Vega efficiency 6.44 (vega 6.784 / spread 10.53%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: +5% (neutral) — Raw: +5%
|OI skew| 32.9% — call-heavy
Vol skew +49.4%, OI skew +32.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +11%, ATM: +3%, OTM: +4% — neutral (ITM/ATM aligned)
Sector P/C percentile 17% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 3.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.7% (5d) — stable
Sector activity percentile 62% — active vs sector
Large trade volume 23% — mixed
Aggressive execution 43% — patient
Conviction +5 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 10.5% — wide
OI 1,371,545 — deep
Volume 44,528/day — active
$0.53 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 726.0999999999999 contracts (bid:457.2 ask:268.9) — deep
Avg slippage 3.36% — poor
Is now a good time?
Considers earnings proximity,
Slope +8.5% — backwardation
IV percentile 95% — seller opportunity
IV kink 10.5pts — event priced
θ/ν ratio 392.16 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +5% @ 52% consistency — unclear
Score 53 (ITM 20% + inst 23%) — moderate institutional
For educational purposes only. Not investment advice.