Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 40.0% — elevated vs history
IV/HV 0.88x — IV ≤ HV
Sector percentile 57% — above sector median
Front/Back 1.04x — flat
Put/Call IV 1.16x — elevated
ATM IV 33.7% — normal range
Effective IV 55.5% (ATM 33.7% + spread 10.9% + bias) — good value
Total drag 17.39% (spread 10.91% + slippage 6.48%) — high friction
Vega efficiency 7.23 (vega 7.890 / spread 10.91%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -2% (neutral) — Raw: -5%
|OI skew| 55.6% — call-heavy
Vol skew +35.0%, OI skew +55.6% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -54%, ATM: -25%, OTM: -2% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 20% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 2.0% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.9% (5d) — building
Sector activity percentile 49% — neutral vs sector
Large trade volume 57% — heavy institutional
Aggressive execution 64% — urgent
Conviction -2 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 10.9% — wide
OI 3,733,106 — deep
Volume 74,677/day — active
$0.55 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 64% — wider than sector
Depth 1,364.5 contracts (bid:716.0 ask:648.5) — deep
Avg slippage 6.48% — poor
Is now a good time?
Considers earnings proximity,
Slope +4.2% — flat/unclear
IV percentile 40% — neutral
IV kink 0.6pts — no clear event
θ/ν ratio 1066.27 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -2% @ 51% consistency — unclear
Score 87 (ITM 20% + inst 57%) — HIGH institutional
For educational purposes only. Not investment advice.