IV is low with bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 9.8% — cheap vs history
IV/HV 1.21x — IV premium over HV
Sector percentile 15% — below sector median
Front/Back 0.62x — contango
Put/Call IV 1.16x — elevated
ATM IV 23.0% — normal range
Effective IV 66.5% (ATM 23.0% + spread 21.8% + bias) — fair
Total drag 27.36% (spread 21.76% + slippage 5.60%) — high friction
Vega efficiency 3.36 (vega 7.306 / spread 21.76%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +33% (strong bullish) — Raw: +8%
|OI skew| 63.7% — call-heavy
Vol skew +52.9%, OI skew +63.7% — aligned
0-DTE 56%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: +85%, OTM: -9% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 17% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 3.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +5.7% (5d) — building
Sector activity percentile 53% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 11% — patient
Conviction +33 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 21.8% — wide
OI 5,325 — thin
Volume 191/day — thin
$1.09 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 30% — tighter than sector
Depth 107.19999999999999 contracts (bid:43.8 ask:63.4) — adequate
Avg slippage 5.60% — poor
Is now a good time?
Considers earnings proximity,
Slope -37.5% — contango
IV percentile 10% — buyer opportunity
IV kink -7.8pts — no clear event
θ/ν ratio 1873.23 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +33% @ 67% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.