IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 94.6% — elevated vs history
IV/HV 1.06x — IV premium over HV
Sector percentile 85% — above sector median
Front/Back 1.58x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 107.1% — crisis-level IV
Effective IV 157.5% (ATM 107.1% + spread 25.2% + bias) — expensive
Total drag 35.14% (spread 25.20% + slippage 9.94%) — high friction
Vega efficiency 1.04 (vega 2.630 / spread 25.20%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +32% (strong bullish) — Raw: +45%
|OI skew| 57.0% — call-heavy
Vol skew -5.0%, OI skew +57.0% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -15%, ATM: -61%, OTM: +62% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 80% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 4.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.4% (5d) — building
Sector activity percentile 80% — active vs sector
Large trade volume 49% — institutional presence
Aggressive execution 30% — patient
Conviction +32 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 25.2% — wide
OI 163,136 — deep
Volume 7,072/day — active
$1.26 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 94% — much wider than sector
Depth 79.9 contracts (bid:49.6 ask:30.3) — thin
Avg slippage 9.94% — poor
Is now a good time?
Considers earnings proximity,
Slope +58.1% — backwardation
IV percentile 95% — seller opportunity
IV kink 31.0pts — event priced
θ/ν ratio 5.30 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +32% @ 66% consistency — moderate (bullish)
Score 79 (ITM 20% + inst 49%) — HIGH institutional
For educational purposes only. Not investment advice.