IV is elevated with unusual activity. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 71.6% — elevated vs history
IV/HV 0.85x — IV ≤ HV
Sector percentile 81% — above sector median
Front/Back 0.85x — contango
Put/Call IV 1.16x — elevated
ATM IV 59.5% — normal range
Effective IV 70.7% (ATM 59.5% + spread 5.6% + bias) — fair
Total drag 8.80% (spread 5.61% + slippage 3.19%) — high friction
Vega efficiency 47.45 (vega 26.620 / spread 5.61%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +3% (neutral) — Raw: +1%
|OI skew| 12.4% — balanced
Vol skew +20.0%, OI skew +12.4% — aligned
0-DTE 45%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -10%, ATM: +5%, OTM: +0% — neutral (ITM/ATM divergent)
Sector P/C percentile 26% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.0x avg — normal
Vol/OI 27.0% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +18.8% (5d) — building
Sector activity percentile 95% — very active vs sector
Large trade volume 47% — institutional presence
Aggressive execution 49% — patient
Conviction +3 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 5.6% — wide
OI 1,633,352 — deep
Volume 440,131/day — active
$0.28 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 84% — much wider than sector
Depth 1,472.4 contracts (bid:749.5 ask:722.9) — deep
Avg slippage 3.19% — poor
Is now a good time?
Considers earnings proximity,
Slope -15.0% — contango
IV percentile 72% — seller opportunity
IV kink -6.4pts — no clear event
θ/ν ratio 1835.88 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +3% @ 51% consistency — unclear
Score 77 (ITM 20% + inst 47%) — HIGH institutional
For educational purposes only. Not investment advice.