IV is elevated with unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 93.7% — elevated vs history
IV/HV 1.02x — IV ≤ HV
Sector percentile 84% — above sector median
Front/Back 1.18x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 101.7% — crisis-level IV
Effective IV 119.1% (ATM 101.7% + spread 8.7% + bias) — expensive
Total drag 14.20% (spread 8.70% + slippage 5.50%) — high friction
Vega efficiency 187.24 (vega 162.896 / spread 8.70%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +15% (bullish) — Raw: +12%
|OI skew| 4.2% — balanced
Vol skew +11.0%, OI skew -4.2% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -4%, ATM: +28%, OTM: +12% — neutral (ITM/ATM divergent)
Sector P/C percentile 75% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 8.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -5.5% (5d) — unwinding
Sector activity percentile 84% — very active vs sector
Large trade volume 10% — mostly retail
Aggressive execution 35% — patient
Conviction +15 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.7% — wide
OI 206,603 — deep
Volume 17,641/day — active
$0.43 to cross — cheap
4 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 87.69999999999999 contracts (bid:52.9 ask:34.8) — thin
Avg slippage 5.50% — poor
Is now a good time?
Considers earnings proximity,
Slope +18.4% — backwardation
IV percentile 94% — seller opportunity
IV kink 16.5pts — event priced
θ/ν ratio 1108.89 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +15% @ 58% consistency — unclear
Score 40 (ITM 20% + inst 10%) — retail dominated
For educational purposes only. Not investment advice.