IV is elevated with bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 91.1% — elevated vs history
IV/HV 1.28x — IV premium over HV
Sector percentile 88% — above sector median
Front/Back 1.03x — flat
Put/Call IV 1.16x — elevated
ATM IV 97.3% — crisis-level IV
Effective IV 120.8% (ATM 97.3% + spread 11.8% + bias) — expensive
Total drag 17.20% (spread 11.77% + slippage 5.43%) — high friction
Vega efficiency 7.32 (vega 8.613 / spread 11.77%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -9% (neutral) — Raw: -9%
|OI skew| 29.3% — call-heavy
Vol skew +51.6%, OI skew +29.3% — aligned
0-DTE 42%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -6%, ATM: -40%, OTM: -1% — bearish (ITM/ATM aligned)
Sector P/C percentile 46% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 9.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +25.6% (5d) — building
Sector activity percentile 79% — active vs sector
Large trade volume 24% — mixed
Aggressive execution 46% — patient
Conviction -9 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.8% — wide
OI 370,053 — deep
Volume 36,600/day — active
$0.59 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 94% — much wider than sector
Depth 516.6 contracts (bid:257.3 ask:259.3) — deep
Avg slippage 5.43% — poor
Is now a good time?
Considers earnings proximity,
Slope +3.2% — flat/unclear
IV percentile 91% — seller opportunity
IV kink -2.0pts — no clear event
θ/ν ratio 1304.97 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -9% @ 54% consistency — unclear
Score 54 (ITM 20% + inst 24%) — moderate institutional
For educational purposes only. Not investment advice.