IV is low with bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 17.9% — cheap vs history
IV/HV 1.23x — IV premium over HV
Sector percentile 27% — below sector median
Front/Back 0.97x — contango
Put/Call IV 1.16x — elevated
ATM IV 26.8% — normal range
Effective IV 89.7% (ATM 26.8% + spread 31.5% + bias) — expensive
Total drag 38.34% (spread 31.46% + slippage 6.88%) — high friction
Vega efficiency 4.50 (vega 14.159 / spread 31.46%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +28% (bullish) — Raw: +26%
|OI skew| 9.8% — balanced
Vol skew +43.4%, OI skew +9.8% — aligned
0-DTE 26%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +100%, ATM: +19%, OTM: -33% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 20% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.5% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +1.9% (5d) — stable
Sector activity percentile 12% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 8% — patient
Conviction +28 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 31.5% — wide
OI 32,347 — adequate
Volume 173/day — thin
$1.57 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 39% — tighter than sector
Depth 49.8 contracts (bid:16.7 ask:33.1) — thin
Avg slippage 6.88% — poor
Is now a good time?
Considers earnings proximity,
Slope -2.9% — flat/unclear
IV percentile 18% — buyer opportunity
IV kink 0.1pts — no clear event
θ/ν ratio 467.29 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +28% @ 64% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.