unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 63.7% — elevated vs history
IV/HV 1.39x — IV premium over HV
Sector percentile 75% — above sector median
Front/Back 0.76x — contango
Put/Call IV 1.16x — elevated
ATM IV 51.8% — normal range
Effective IV 67.2% (ATM 51.8% + spread 7.7% + bias) — fair
Total drag 11.54% (spread 7.68% + slippage 3.86%) — high friction
Vega efficiency 3.09 (vega 2.371 / spread 7.68%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +28% (bullish) — Raw: +26%
|OI skew| 12.8% — balanced
Vol skew +20.9%, OI skew +12.8% — aligned
0-DTE 30%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +12%, ATM: +33%, OTM: +24% — bullish (ITM/ATM aligned)
Sector P/C percentile 29% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 8.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +8.1% (5d) — building
Sector activity percentile 78% — active vs sector
Large trade volume 50% — institutional presence
Aggressive execution 47% — patient
Conviction +28 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.7% — wide
OI 1,490,072 — deep
Volume 123,137/day — active
$0.38 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 79% — wider than sector
Depth 1,561.2 contracts (bid:777.2 ask:784.0) — deep
Avg slippage 3.86% — poor
Is now a good time?
Considers earnings proximity,
Slope -24.0% — contango
IV percentile 64% — neutral
IV kink -8.6pts — no clear event
θ/ν ratio 152.97 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +28% @ 64% consistency — moderate (bullish)
Score 80 (ITM 20% + inst 50%) — HIGH institutional
For educational purposes only. Not investment advice.