IV is elevated with bullish flow and unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 97.4% — elevated vs history
IV/HV 0.60x — IV ≤ HV
Sector percentile 97% — above sector median
Front/Back 1.35x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 138.7% — crisis-level IV
Effective IV 162.6% (ATM 138.7% + spread 12.0% + bias) — expensive
Total drag 17.29% (spread 11.97% + slippage 5.32%) — high friction
Vega efficiency 1.42 (vega 1.705 / spread 11.97%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -8% (neutral) — Raw: -9%
|OI skew| 52.7% — call-heavy
Vol skew +67.5%, OI skew +52.7% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -34%, ATM: +3%, OTM: -8% — bearish (ITM/ATM divergent)
Sector P/C percentile 33% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 5.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -2.0% (5d) — stable
Sector activity percentile 73% — active vs sector
Large trade volume 40% — institutional presence
Aggressive execution 45% — patient
Conviction -8 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 12.0% — wide
OI 1,551,001 — deep
Volume 91,396/day — active
$0.60 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 1,015.3 contracts (bid:531.3 ask:484.0) — deep
Avg slippage 5.32% — poor
Is now a good time?
Considers earnings proximity,
Slope +34.6% — backwardation
IV percentile 97% — seller opportunity
IV kink 36.2pts — event priced
θ/ν ratio 70.16 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -8% @ 54% consistency — unclear
Score 70 (ITM 20% + inst 40%) — HIGH institutional
For educational purposes only. Not investment advice.