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 6.0% — cheap vs history
IV/HV 0.71x — IV ≤ HV
Sector percentile 9% — below sector median
Front/Back 0.84x — contango
Put/Call IV 1.16x — elevated
ATM IV 20.2% — normal range
Effective IV 65.3% (ATM 20.2% + spread 22.6% + bias) — fair
Total drag 29.91% (spread 22.57% + slippage 7.34%) — high friction
Vega efficiency 15.72 (vega 35.488 / spread 22.57%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +29% (bullish) — Raw: +27%
|OI skew| 64.1% — call-heavy
Vol skew +60.1%, OI skew +64.1% — aligned
0-DTE 54%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +52%, ATM: +26%, OTM: +8% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 14% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 3.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.9% (5d) — building
Sector activity percentile 49% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 29% — patient
Conviction +29 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 22.6% — wide
OI 10,084 — adequate
Volume 311/day — thin
$1.13 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 25% — tighter than sector
Depth 68.2 contracts (bid:36.4 ask:31.8) — thin
Avg slippage 7.34% — poor
Is now a good time?
Considers earnings proximity,
Slope -15.9% — contango
IV percentile 6% — buyer opportunity
IV kink -2.1pts — no clear event
θ/ν ratio 1380.85 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +29% @ 64% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.