IV is low. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 18.0% — cheap vs history
IV/HV 1.03x — IV ≤ HV
Sector percentile 27% — below sector median
Front/Back 1.15x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 26.9% — normal range
Effective IV 100.2% (ATM 26.9% + spread 36.7% + bias) — expensive
Total drag 44.70% (spread 36.66% + slippage 8.04%) — high friction
Vega efficiency 8.01 (vega 29.363 / spread 36.66%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -16% (bearish) — Raw: -7%
|OI skew| 36.9% — put-heavy
Vol skew +49.3%, OI skew -36.9% — divergent (opposite)
0-DTE 13%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +11%, ATM: +50%, OTM: -17% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 18% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 1.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.0% (5d) — stable
Sector activity percentile 30% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 10% — patient
Conviction -16 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 36.7% — wide
OI 4,832 — thin
Volume 71/day — thin
$1.83 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 40% — tighter than sector
Depth 82.8 contracts (bid:25.0 ask:57.8) — thin
Avg slippage 8.04% — poor
Is now a good time?
Considers earnings proximity,
Slope +14.7% — backwardation
IV percentile 18% — buyer opportunity
IV kink 1.4pts — no clear event
θ/ν ratio 2067.80 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -16% @ 58% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.