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 36.8% — elevated vs history
IV/HV 1.66x — IV premium over HV
Sector percentile 50% — above sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 36.0% — normal range
Effective IV 64.8% (ATM 36.0% + spread 14.4% + bias) — good value
Total drag 28.72% (spread 14.38% + slippage 14.34%) — high friction
Vega efficiency 2.38 (vega 3.416 / spread 14.38%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -52% (strong bearish) — Raw: -33%
|OI skew| 22.1% — call-heavy
Vol skew +100.0%, OI skew +22.1% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: -100%, OTM: +100% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 50% — neutral vs sector
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.9% (5d) — building
Sector activity percentile 7% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 50% — patient
Conviction -52 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 14.4% — wide
OI 983 — thin
Volume 3/day — thin
$0.72 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 59% — neutral vs sector
Depth 762.5 contracts (bid:756.5 ask:6.0) — deep
Avg slippage 14.34% — poor
Is now a good time?
Considers earnings proximity,
Slope -3.6% — flat/unclear
IV percentile 37% — neutral
IV kink -0.9pts — no clear event
θ/ν ratio 260.73 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -52% @ 67% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.