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 88.6% — elevated vs history
IV/HV 0.83x — IV ≤ HV
Sector percentile 69% — above sector median
Front/Back 1.05x — flat
Put/Call IV 1.16x — elevated
ATM IV 82.1% — crisis-level IV
Effective IV 101.1% (ATM 82.1% + spread 9.5% + bias) — expensive
Total drag 14.77% (spread 9.52% + slippage 5.25%) — high friction
Vega efficiency 33.64 (vega 32.029 / spread 9.52%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -63% (strong bearish) — Raw: -56%
|OI skew| 15.2% — put-heavy
Vol skew +16.5%, OI skew -15.2% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +20%, ATM: -83%, OTM: -53% — bearish (ITM/ATM divergent)
Sector P/C percentile 72% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 2.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.6% (5d) — building
Sector activity percentile 50% — neutral vs sector
Large trade volume 27% — mixed
Aggressive execution 42% — patient
Conviction -63 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 9.5% — wide
OI 54,686 — deep
Volume 1,572/day — adequate
$0.48 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 82% — much wider than sector
Depth 101.9 contracts (bid:49.3 ask:52.6) — adequate
Avg slippage 5.25% — poor
Is now a good time?
Considers earnings proximity,
Slope +4.5% — flat/unclear
IV percentile 89% — seller opportunity
IV kink 2.4pts — no clear event
θ/ν ratio 372.42 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -63% @ 81% consistency — STRONG directional (bearish)
Score 57 (ITM 20% + inst 27%) — moderate institutional
For educational purposes only. Not investment advice.