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 64.5% — elevated vs history
IV/HV 1.04x — IV ≤ HV
Sector percentile 78% — above sector median
Front/Back 1.00x — flat
Put/Call IV 1.16x — elevated
ATM IV 48.7% — normal range
Effective IV 68.2% (ATM 48.7% + spread 9.7% + bias) — fair
Total drag 14.33% (spread 9.73% + slippage 4.60%) — high friction
Vega efficiency 22.30 (vega 21.694 / spread 9.73%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +48% (strong bullish) — Raw: +54%
|OI skew| 84.7% — call-heavy
Vol skew -11.1%, OI skew +84.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +67%, OTM: +54% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 85% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 0.8% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +11.1% (5d) — building
Sector activity percentile 26% — below sector avg
Large trade volume 16% — mixed
Aggressive execution 64% — urgent
Conviction +48 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 9.7% — wide
OI 119,304 — deep
Volume 922/day — adequate
$0.49 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 88% — much wider than sector
Depth 106.9 contracts (bid:84.9 ask:22.0) — adequate
Avg slippage 4.60% — poor
Is now a good time?
Considers earnings proximity,
Slope +0.0% — flat/unclear
IV percentile 64% — neutral
IV kink 0.0pts — no clear event
θ/ν ratio 818.64 — favors income trades
1 liquid expirations — limited
acceptable: No earnings detected; FOMC in 5d
Spread ratio 1.00x — stable
Flow +48% @ 74% consistency — STRONG directional (bullish)
Score 46 (ITM 20% + inst 16%) — moderate institutional
For educational purposes only. Not investment advice.