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 56.5% — elevated vs history
IV/HV 1.57x — IV premium over HV
Sector percentile 75% — above sector median
Front/Back 1.07x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 37.7% — normal range
Effective IV 60.7% (ATM 37.7% + spread 11.5% + bias) — good value
Total drag 16.98% (spread 11.52% + slippage 5.46%) — high friction
Vega efficiency 11.08 (vega 12.768 / spread 11.52%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +3% (neutral) — Raw: +2%
|OI skew| 7.4% — balanced
Vol skew +35.9%, OI skew +7.4% — aligned
0-DTE 41%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -89%, ATM: +56%, OTM: -46% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 27% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.8x avg — hot
Vol/OI 12.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.6% (5d) — building
Sector activity percentile 91% — very active vs sector
Large trade volume 58% — heavy institutional
Aggressive execution 43% — patient
Conviction +3 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.5% — wide
OI 78,864 — deep
Volume 9,445/day — active
$0.58 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 76% — wider than sector
Depth 254.29999999999998 contracts (bid:110.1 ask:144.2) — adequate
Avg slippage 5.46% — poor
Is now a good time?
Considers earnings proximity,
Slope +6.9% — backwardation
IV percentile 56% — neutral
IV kink 2.1pts — no clear event
θ/ν ratio 880.57 — favors income trades
3 liquid expirations — flexible
HIGH RISK: Earnings in 0d (HIGH RISK)
Spread ratio 1.00x — stable
Flow +3% @ 51% consistency — unclear
Score 88 (ITM 20% + inst 58%) — HIGH institutional
For educational purposes only. Not investment advice.