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 77.7% — elevated vs history
IV/HV 1.13x — IV premium over HV
Sector percentile 88% — above sector median
Front/Back 1.18x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 46.0% — normal range
Effective IV 72.0% (ATM 46.0% + spread 13.0% + bias) — fair
Total drag 18.37% (spread 13.01% + slippage 5.36%) — high friction
Vega efficiency 26.36 (vega 34.300 / spread 13.01%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -10% (neutral) — Raw: +2%
|OI skew| 37.5% — call-heavy
Vol skew +48.5%, OI skew +37.5% — aligned
0-DTE 10%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -2%, ATM: -54%, OTM: +43% — bearish (ITM/ATM aligned)
Sector P/C percentile 25% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 0.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +0.8% (5d) — stable
Sector activity percentile 5% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 47% — patient
Conviction -10 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 13.0% — wide
OI 80,481 — deep
Volume 594/day — adequate
$0.65 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 88% — much wider than sector
Depth 299.8 contracts (bid:202.8 ask:97.0) — adequate
Avg slippage 5.36% — poor
Is now a good time?
Considers earnings proximity,
Slope +17.6% — backwardation
IV percentile 78% — seller opportunity
IV kink 7.8pts — no clear event
θ/ν ratio 2333.36 — favors income trades
3 liquid expirations — flexible
safe window: Earnings in 18d (low risk)
Spread ratio 1.00x — stable
Flow -10% @ 55% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.