
unusual activity. 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 1.26x — backwardation
Put/Call IV 1.00x — normal
ATM IV 0.0% — normal range
Effective IV 34.1% (ATM 0.0% + spread 17.1% + bias) — excellent value
Total drag 23.06% (spread 17.07% + slippage 5.99%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 17.07%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +15% (bullish) — Raw: +15%
|OI skew| 42.4% — call-heavy
Vol skew +14.3%, OI skew +42.4% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +16%, ATM: -83%, OTM: +16% — bearish (ITM/ATM divergent)
Sector P/C percentile 59% — bearish vs sector
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 6.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -4.3% (5d) — unwinding
Sector activity percentile 84% — very active vs sector
Large trade volume 4% — mostly retail
Aggressive execution 15% — patient
Conviction +15 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 17.1% — wide
OI 43,470 — adequate
Volume 2,865/day — adequate
$0.85 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 0% — much tighter than sector
Depth 351.5 contracts (bid:222.1 ask:129.4) — adequate
Avg slippage 5.99% — poor
Is now a good time?
Considers earnings proximity,
Slope +25.8% — backwardation
IV percentile 50% — neutral
IV kink 20.9pts — event priced
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 +15% @ 58% consistency — unclear
Score 34 (ITM 20% + inst 4%) — retail dominated
For educational purposes only. Not investment advice.