bearish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 38.8% — elevated vs history
IV/HV 0.97x — IV ≤ HV
Sector percentile 55% — above sector median
Front/Back 1.13x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 33.2% — normal range
Effective IV 57.5% (ATM 33.2% + spread 12.2% + bias) — good value
Total drag 15.56% (spread 12.17% + slippage 3.39%) — high friction
Vega efficiency 45.29 (vega 55.121 / spread 12.17%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -53% (strong bearish) — Raw: -42%
|OI skew| 85.9% — put-heavy
Vol skew -8.5%, OI skew -85.9% — weak (same direction)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +33%, ATM: -30%, OTM: -60% — neutral (ITM/ATM divergent)
Sector P/C percentile 89% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 1.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +14.9% (5d) — building
Sector activity percentile 45% — neutral vs sector
Large trade volume 45% — institutional presence
Aggressive execution 22% — patient
Conviction -53 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 12.2% — wide
OI 131,865 — deep
Volume 2,212/day — adequate
$0.61 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 63% — wider than sector
Depth 64.9 contracts (bid:41.9 ask:23.0) — thin
Avg slippage 3.39% — poor
Is now a good time?
Considers earnings proximity,
Slope +13.2% — backwardation
IV percentile 39% — neutral
IV kink 2.3pts — no clear event
θ/ν ratio 382.52 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -53% @ 77% consistency — STRONG directional (bearish)
Score 75 (ITM 20% + inst 45%) — HIGH institutional
For educational purposes only. Not investment advice.