Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 44.0% — elevated vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 61% — above sector median
Front/Back 1.41x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 35.6% — normal range
Effective IV 70.8% (ATM 35.6% + spread 17.6% + bias) — fair
Total drag 22.55% (spread 17.62% + slippage 4.93%) — high friction
Vega efficiency 4.78 (vega 8.419 / spread 17.62%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +34% (strong bullish) — Raw: +30%
|OI skew| 28.2% — put-heavy
Vol skew -27.2%, OI skew -28.2% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -11%, ATM: -4%, OTM: +44% — neutral (ITM/ATM aligned)
Sector P/C percentile 92% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.6% — 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 43% — neutral vs sector
Large trade volume 80% — heavy institutional
Aggressive execution 38% — patient
Conviction +34 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 17.6% — wide
OI 6,163,790 — deep
Volume 96,614/day — active
$0.88 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 67% — wider than sector
Depth 808.0 contracts (bid:422.9 ask:385.1) — deep
Avg slippage 4.93% — poor
Is now a good time?
Considers earnings proximity,
Slope +41.3% — backwardation
IV percentile 44% — neutral
IV kink 11.4pts — event priced
θ/ν ratio 203.85 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +34% @ 67% consistency — moderate (bullish)
Score 110 (ITM 20% + inst 80%) — HIGH institutional
For educational purposes only. Not investment advice.