IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 94.0% — elevated vs history
IV/HV 0.88x — IV ≤ HV
Sector percentile 96% — above sector median
Front/Back 1.03x — flat
Put/Call IV 1.16x — elevated
ATM IV 112.8% — crisis-level IV
Effective IV 127.1% (ATM 112.8% + spread 7.1% + bias) — expensive
Total drag 11.18% (spread 7.13% + slippage 4.05%) — high friction
Vega efficiency 51.61 (vega 36.800 / spread 7.13%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +10% (bullish) — Raw: +15%
|OI skew| 3.8% — balanced
Vol skew -26.1%, OI skew -3.8% — aligned
0-DTE 51%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -6%, ATM: +2%, OTM: +22% — neutral (ITM/ATM divergent)
Sector P/C percentile 90% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 15.8% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +21.0% (5d) — building
Sector activity percentile 89% — very active vs sector
Large trade volume 22% — mixed
Aggressive execution 33% — patient
Conviction +10 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 7.1% — wide
OI 1,150,755 — deep
Volume 181,882/day — active
$0.36 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 97% — much wider than sector
Depth 316.7 contracts (bid:169.6 ask:147.1) — adequate
Avg slippage 4.05% — poor
Is now a good time?
Considers earnings proximity,
Slope +3.2% — flat/unclear
IV percentile 94% — seller opportunity
IV kink -0.5pts — no clear event
θ/ν ratio 1206.56 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +10% @ 55% consistency — unclear
Score 52 (ITM 20% + inst 22%) — moderate institutional
For educational purposes only. Not investment advice.