Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 48.4% — elevated vs history
IV/HV 1.79x — IV premium over HV
Sector percentile 62% — above sector median
Front/Back 1.11x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 42.3% — normal range
Effective IV 332.6% (ATM 42.3% + spread 145.1% + bias) — expensive
Total drag 160.42% (spread 145.14% + slippage 15.28%) — high friction
Vega efficiency 0.36 (vega 5.235 / spread 145.14%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -100% (strong bearish) — Raw: -100%
|OI skew| 80.0% — call-heavy
Vol skew +23.1%, OI skew +80.0% — aligned
0-DTE 58%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: -100%, OTM: -100% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 26% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 2.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +23.4% (5d) — building
Sector activity percentile 38% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 0% — patient
Conviction -100 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 145.1% — wide
OI 1,253 — thin
Volume 26/day — thin
$7.26 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 68% — wider than sector
Depth 518.2 contracts (bid:285.6 ask:232.6) — deep
Avg slippage 15.28% — poor
Is now a good time?
Considers earnings proximity,
Slope +11.2% — backwardation
IV percentile 48% — neutral
IV kink 0.5pts — no clear event
θ/ν ratio 361.04 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -100% @ 100% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.