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 98.2% — elevated vs history
IV/HV 1.16x — IV premium over HV
Sector percentile 99% — above sector median
Front/Back 1.28x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 156.6% — crisis-level IV
Effective IV 175.0% (ATM 156.6% + spread 9.2% + bias) — expensive
Total drag 13.45% (spread 9.20% + slippage 4.25%) — high friction
Vega efficiency 2.65 (vega 2.433 / spread 9.20%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +12% (bullish) — Raw: +12%
|OI skew| 30.0% — call-heavy
Vol skew +51.1%, OI skew +30.0% — aligned
0-DTE 44%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +18%, ATM: +20%, OTM: +6% — bullish (ITM/ATM aligned)
Sector P/C percentile 40% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.4x avg — normal
Vol/OI 23.1% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +12.2% (5d) — building
Sector activity percentile 94% — very active vs sector
Large trade volume 24% — mixed
Aggressive execution 42% — patient
Conviction +12 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 9.2% — wide
OI 527,165 — deep
Volume 121,805/day — active
$0.46 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 99% — much wider than sector
Depth 422.2 contracts (bid:261.0 ask:161.2) — adequate
Avg slippage 4.25% — poor
Is now a good time?
Considers earnings proximity,
Slope +28.2% — backwardation
IV percentile 98% — seller opportunity
IV kink 21.2pts — event priced
θ/ν ratio 25.46 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +12% @ 56% consistency — unclear
Score 54 (ITM 20% + inst 24%) — moderate institutional
For educational purposes only. Not investment advice.