bearish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 50.0% — elevated vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 50% — below sector median
Front/Back 1.00x — flat
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 119.0% (ATM 0.0% + spread 59.5% + bias) — expensive
Total drag 65.28% (spread 59.48% + slippage 5.80%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 59.48%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -36% (strong bearish) — Raw: -71%
|OI skew| 2.6% — balanced
Vol skew -14.3%, OI skew -2.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: +0%, OTM: -100% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 83% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.2% (5d) — stable
Sector activity percentile 1% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 25% — patient
Conviction -36 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 59.5% — wide
OI 36,601 — adequate
Volume 7/day — thin
$2.97 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 52.8 contracts (bid:44.0 ask:8.8) — thin
Avg slippage 5.80% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 50% — neutral
IV kink 0.0pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -36% @ 75% consistency — moderate (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.