IV is low. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 25.9% — cheap vs history
IV/HV 1.28x — IV premium over HV
Sector percentile 40% — below sector median
Front/Back 1.12x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 27.6% — normal range
Effective IV 43.3% (ATM 27.6% + spread 7.8% + bias) — excellent value
Total drag 12.51% (spread 7.85% + slippage 4.66%) — high friction
Vega efficiency 19.36 (vega 15.199 / spread 7.85%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -5% (neutral) — Raw: -12%
|OI skew| 33.7% — put-heavy
Vol skew +0.0%, OI skew -33.7% — weak (same direction)
0-DTE 21%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +34%, ATM: -11%, OTM: -14% — bullish (ITM/ATM divergent)
Sector P/C percentile 31% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 1.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.0% (5d) — building
Sector activity percentile 47% — neutral vs sector
Large trade volume 40% — institutional presence
Aggressive execution 74% — urgent
Conviction -5 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.8% — wide
OI 2,226,859 — deep
Volume 40,835/day — active
$0.39 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 49% — neutral vs sector
Depth 429.8 contracts (bid:222.3 ask:207.5) — adequate
Avg slippage 4.66% — poor
Is now a good time?
Considers earnings proximity,
Slope +12.2% — backwardation
IV percentile 26% — buyer opportunity
IV kink 3.8pts — no clear event
θ/ν ratio 795.77 — favors income trades
5 liquid expirations — flexible
acceptable: No earnings detected; FOMC in 5d
Spread ratio 1.00x — stable
Flow -5% @ 53% consistency — unclear
Score 70 (ITM 20% + inst 40%) — HIGH institutional
For educational purposes only. Not investment advice.