bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 61.9% — elevated vs history
IV/HV 0.89x — IV ≤ HV
Sector percentile 74% — above sector median
Front/Back 0.90x — contango
Put/Call IV 1.16x — elevated
ATM IV 51.0% — normal range
Effective IV 58.5% (ATM 51.0% + spread 3.7% + bias) — good value
Total drag 5.97% (spread 3.73% + slippage 2.24%) — high friction
Vega efficiency 21.47 (vega 8.009 / spread 3.73%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +8% (neutral) — Raw: +7%
|OI skew| 26.9% — call-heavy
Vol skew +26.1%, OI skew +26.9% — aligned
0-DTE 31%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -5%, ATM: +0%, OTM: +13% — neutral (ITM/ATM divergent)
Sector P/C percentile 25% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 4.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.5% (5d) — building
Sector activity percentile 58% — neutral vs sector
Large trade volume 44% — institutional presence
Aggressive execution 41% — patient
Conviction +8 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 3.7% — acceptable
OI 9,384,026 — deep
Volume 400,691/day — active
$0.19 to cross — cheap
12 liquid strikes — good coverage
Sector spread percentile 79% — wider than sector
Depth 1,169.4 contracts (bid:577.6 ask:591.8) — deep
Avg slippage 2.24% — poor
Is now a good time?
Considers earnings proximity,
Slope -9.7% — contango
IV percentile 62% — neutral
IV kink -5.8pts — no clear event
θ/ν ratio 104.55 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +8% @ 54% consistency — unclear
Score 74 (ITM 20% + inst 44%) — HIGH institutional
For educational purposes only. Not investment advice.