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 3.2% — cheap vs history
IV/HV 1.52x — IV premium over HV
Sector percentile 5% — below sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 14.6% — normal range
Effective IV 98.5% (ATM 14.6% + spread 42.0% + bias) — expensive
Total drag 43.30% (spread 41.96% + slippage 1.34%) — high friction
Vega efficiency 9.69 (vega 40.659 / spread 41.96%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +8% (neutral) — Raw: -2%
|OI skew| 20.1% — call-heavy
Vol skew +94.9%, OI skew +20.1% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +90%, ATM: -15%, OTM: +11% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 2% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 3.6x avg — hot
Vol/OI 9.1% — normal turnover
Top 3 strikes = 50% — dispersed
3 day(s) elevated — sustained
OI change +5.7% (5d) — building
Sector activity percentile 87% — very active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 1% — patient
Conviction +8 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 42.0% — wide
OI 9,950 — thin
Volume 901/day — adequate
$2.10 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 21% — tighter than sector
Depth 35.900000000000006 contracts (bid:19.1 ask:16.8) — thin
Avg slippage 1.34% — fair
Is now a good time?
Considers earnings proximity,
Slope +12.4% — backwardation
IV percentile 3% — buyer opportunity
IV kink 3.1pts — no clear event
θ/ν ratio 1831.47 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +8% @ 54% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.