IV is elevated with 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 92.5% — elevated vs history
IV/HV 0.52x — IV ≤ HV
Sector percentile 82% — above sector median
Front/Back 1.23x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 95.2% — crisis-level IV
Effective IV 157.5% (ATM 95.2% + spread 31.1% + bias) — expensive
Total drag 43.29% (spread 31.13% + slippage 12.16%) — high friction
Vega efficiency 1.28 (vega 3.972 / spread 31.13%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -6% (neutral) — Raw: -0%
|OI skew| 42.6% — call-heavy
Vol skew +5.0%, OI skew +42.6% — weak (same direction)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +13%, ATM: +23%, OTM: -16% — bullish (ITM/ATM aligned)
Sector P/C percentile 59% — bearish vs sector
Unusual activity?
Detects volume surges,
Volume 6.6x avg — hot
Vol/OI 24.7% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +18.6% (5d) — building
Sector activity percentile 98% — very active vs sector
Large trade volume 12% — mostly retail
Aggressive execution 38% — patient
Conviction -6 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 31.1% — wide
OI 8,497 — thin
Volume 2,100/day — adequate
$1.56 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 93% — much wider than sector
Depth 75.9 contracts (bid:44.2 ask:31.7) — thin
Avg slippage 12.16% — poor
Is now a good time?
Considers earnings proximity,
Slope +23.1% — backwardation
IV percentile 92% — seller opportunity
IV kink 16.4pts — event priced
θ/ν ratio 72.87 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -6% @ 53% consistency — unclear
Score 42 (ITM 20% + inst 12%) — moderate institutional
For educational purposes only. Not investment advice.