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 85.1% — elevated vs history
IV/HV 1.18x — IV premium over HV
Sector percentile 86% — above sector median
Front/Back 1.16x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 73.4% — normal range
Effective IV 127.3% (ATM 73.4% + spread 26.9% + bias) — expensive
Total drag 39.34% (spread 26.93% + slippage 12.41%) — high friction
Vega efficiency 23.75 (vega 63.957 / spread 26.93%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +13% (bullish) — Raw: +13%
|OI skew| 36.5% — call-heavy
Vol skew +42.6%, OI skew +36.5% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +87%, ATM: -25%, OTM: +12% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 43% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 3.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.8% (5d) — building
Sector activity percentile 72% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 23% — patient
Conviction +13 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 26.9% — wide
OI 38,576 — adequate
Volume 1,324/day — adequate
$1.35 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 91% — much wider than sector
Depth 29.3 contracts (bid:12.2 ask:17.1) — thin
Avg slippage 12.41% — poor
Is now a good time?
Considers earnings proximity,
Slope +16.2% — backwardation
IV percentile 85% — seller opportunity
IV kink 10.2pts — event priced
θ/ν ratio 507.20 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +13% @ 56% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.