IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 85.4% — elevated vs history
IV/HV 1.31x — IV premium over HV
Sector percentile 58% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 74.0% — normal range
Effective IV 94.2% (ATM 74.0% + spread 10.1% + bias) — expensive
Total drag 14.13% (spread 10.11% + slippage 4.02%) — high friction
Vega efficiency 12.31 (vega 12.450 / spread 10.11%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +12% (bullish) — Raw: +5%
|OI skew| 27.7% — call-heavy
Vol skew +63.2%, OI skew +27.7% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +6%, ATM: +2%, OTM: +5% — neutral (ITM/ATM aligned)
Sector P/C percentile 36% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 5.4% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -1.1% (5d) — stable
Sector activity percentile 70% — active vs sector
Large trade volume 13% — mostly retail
Aggressive execution 42% — patient
Conviction +12 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 10.1% — wide
OI 441,978 — deep
Volume 23,917/day — active
$0.51 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 76% — wider than sector
Depth 243.0 contracts (bid:141.3 ask:101.7) — adequate
Avg slippage 4.02% — poor
Is now a good time?
Considers earnings proximity,
Slope +1.7% — flat/unclear
IV percentile 85% — seller opportunity
IV kink 4.7pts — no clear event
θ/ν ratio 538.96 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow +12% @ 56% consistency — unclear
Score 43 (ITM 20% + inst 13%) — moderate institutional
For educational purposes only. Not investment advice.