IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 73.8% — elevated vs history
IV/HV 0.86x — IV ≤ HV
Sector percentile 83% — above sector median
Front/Back 0.75x — contango
Put/Call IV 1.16x — elevated
ATM IV 61.8% — normal range
Effective IV 84.1% (ATM 61.8% + spread 11.1% + bias) — expensive
Total drag 14.83% (spread 11.14% + slippage 3.69%) — high friction
Vega efficiency 3.11 (vega 3.459 / spread 11.14%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +6% (neutral) — Raw: +2%
|OI skew| 59.1% — call-heavy
Vol skew +51.1%, OI skew +59.1% — aligned
0-DTE 48%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +46%, ATM: +2%, OTM: -7% — strong bullish (ITM/ATM aligned)
Sector P/C percentile 17% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.1x avg — normal
Vol/OI 24.4% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +55.8% (5d) — building
Sector activity percentile 94% — very active vs sector
Large trade volume 40% — institutional presence
Aggressive execution 45% — patient
Conviction +6 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.1% — wide
OI 370,059 — deep
Volume 90,251/day — active
$0.56 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 86% — much wider than sector
Depth 1,554.6 contracts (bid:700.1 ask:854.5) — deep
Avg slippage 3.69% — poor
Is now a good time?
Considers earnings proximity,
Slope -25.2% — contango
IV percentile 74% — seller opportunity
IV kink -11.4pts — no clear event
θ/ν ratio 29.85 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +6% @ 53% consistency — unclear
Score 70 (ITM 20% + inst 40%) — HIGH institutional
For educational purposes only. Not investment advice.