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 95.8% — elevated vs history
IV/HV 2.23x — IV premium over HV
Sector percentile 97% — above sector median
Front/Back 1.15x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 126.4% — crisis-level IV
Effective IV 189.9% (ATM 126.4% + spread 31.8% + bias) — expensive
Total drag 38.68% (spread 31.76% + slippage 6.92%) — high friction
Vega efficiency 0.26 (vega 0.830 / spread 31.76%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +21% (bullish) — Raw: +20%
|OI skew| 19.2% — call-heavy
Vol skew +6.6%, OI skew +19.2% — weak (same direction)
0-DTE 60%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +8%, ATM: +12%, OTM: +27% — neutral (ITM/ATM aligned)
Sector P/C percentile 30% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 3.0x avg — hot
Vol/OI 17.6% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +20.0% (5d) — building
Sector activity percentile 90% — very active vs sector
Large trade volume 0% — mostly retail
Aggressive execution 16% — patient
Conviction +21 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 31.8% — wide
OI 5,813 — thin
Volume 1,024/day — adequate
$1.59 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 402.79999999999995 contracts (bid:213.7 ask:189.1) — adequate
Avg slippage 6.92% — poor
Is now a good time?
Considers earnings proximity,
Slope +15.2% — backwardation
IV percentile 96% — seller opportunity
IV kink 11.0pts — event priced
θ/ν ratio 0.56 — favors mixed
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +21% @ 61% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.