IV is low. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 29.4% — cheap vs history
IV/HV 1.52x — IV premium over HV
Sector percentile 44% — below sector median
Front/Back 1.24x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 29.0% — normal range
Effective IV 154.8% (ATM 29.0% + spread 62.9% + bias) — expensive
Total drag 68.55% (spread 62.88% + slippage 5.67%) — high friction
Vega efficiency 5.79 (vega 36.402 / spread 62.88%) — acceptable
Bullish or bearish?
Analyzes
Conviction-weighted: -66% (strong bearish) — Raw: -63%
|OI skew| 14.4% — balanced
Vol skew -3.2%, OI skew -14.4% — weak (same direction)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: -73%, OTM: -46% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 87% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.0x avg — normal
Vol/OI 0.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -2.2% (5d) — unwinding
Sector activity percentile 6% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 40% — patient
Conviction -66 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 62.9% — wide
OI 16,569 — adequate
Volume 31/day — thin
$3.14 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 54% — neutral vs sector
Depth 80.2 contracts (bid:57.5 ask:22.7) — thin
Avg slippage 5.67% — poor
Is now a good time?
Considers earnings proximity,
Slope +23.7% — backwardation
IV percentile 29% — buyer opportunity
IV kink 7.2pts — no clear event
θ/ν ratio 3500.20 — favors income trades
3 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -66% @ 84% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.