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 94.5% — elevated vs history
IV/HV 1.03x — IV ≤ HV
Sector percentile 82% — above sector median
Front/Back 1.09x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 62.3% — normal range
Effective IV 90.0% (ATM 62.3% + spread 13.8% + bias) — expensive
Total drag 20.13% (spread 13.84% + slippage 6.29%) — high friction
Vega efficiency 28.01 (vega 38.759 / spread 13.84%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -4% (neutral) — Raw: +7%
|OI skew| 22.3% — call-heavy
Vol skew +23.3%, OI skew +22.3% — aligned
0-DTE 41%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -33%, ATM: +3%, OTM: +16% — bearish (ITM/ATM divergent)
Sector P/C percentile 53% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 0.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.6% (5d) — building
Sector activity percentile 5% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 21% — patient
Conviction -4 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 13.8% — wide
OI 37,615 — adequate
Volume 305/day — thin
$0.69 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 83% — much wider than sector
Depth 85.6 contracts (bid:53.9 ask:31.7) — thin
Avg slippage 6.29% — poor
Is now a good time?
Considers earnings proximity,
Slope +8.7% — backwardation
IV percentile 94% — seller opportunity
IV kink 4.8pts — no clear event
θ/ν ratio 681.18 — favors income trades
3 liquid expirations — flexible
safe window: Earnings in 25d (low risk)
Spread ratio 1.00x — stable
Flow -4% @ 52% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.