IV is low with 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 27.6% — cheap vs history
IV/HV 1.00x — IV ≤ HV
Sector percentile 45% — below sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 24.8% — normal range
Effective IV 57.5% (ATM 24.8% + spread 16.3% + bias) — good value
Total drag 25.50% (spread 16.34% + slippage 9.16%) — high friction
Vega efficiency 13.39 (vega 21.882 / spread 16.34%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +38% (strong bullish) — Raw: +39%
|OI skew| 13.5% — balanced
Vol skew +5.6%, OI skew -13.5% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +33%, ATM: +24%, OTM: +49% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 28% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.5x avg — elevated
Vol/OI 4.3% — normal turnover
Top 3 strikes = 50% — dispersed
3 day(s) elevated — sustained
OI change +3.6% (5d) — building
Sector activity percentile 66% — active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 31% — patient
Conviction +38 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 16.3% — wide
OI 21,202 — adequate
Volume 917/day — adequate
$0.82 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 54% — neutral vs sector
Depth 35.8 contracts (bid:22.8 ask:13.0) — thin
Avg slippage 9.16% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.0% — flat/unclear
IV percentile 28% — buyer opportunity
IV kink 0.6pts — no clear event
θ/ν ratio 156.08 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +38% @ 69% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.