bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 62.6% — elevated vs history
IV/HV 0.72x — IV ≤ HV
Sector percentile 75% — above sector median
Front/Back 0.96x — contango
Put/Call IV 1.16x — elevated
ATM IV 51.4% — normal range
Effective IV 77.5% (ATM 51.4% + spread 13.1% + bias) — fair
Total drag 13.73% (spread 13.06% + slippage 0.67%) — high friction
Vega efficiency 23.54 (vega 30.743 / spread 13.06%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -18% (bearish) — Raw: -16%
|OI skew| 37.1% — call-heavy
Vol skew +90.7%, OI skew +37.1% — aligned
0-DTE 86%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -22%, ATM: +2%, OTM: -14% — bearish (ITM/ATM divergent)
Sector P/C percentile 3% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.3x avg — normal
Vol/OI 8.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.9% (5d) — building
Sector activity percentile 78% — active vs sector
Large trade volume 15% — mostly retail
Aggressive execution 5% — patient
Conviction -18 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 13.1% — wide
OI 53,511 — deep
Volume 4,753/day — adequate
$0.65 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 79% — wider than sector
Depth 832.7 contracts (bid:310.7 ask:522.0) — deep
Avg slippage 0.67% — good
Is now a good time?
Considers earnings proximity,
Slope -3.8% — flat/unclear
IV percentile 63% — neutral
IV kink -0.8pts — no clear event
θ/ν ratio 2049.53 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -18% @ 59% consistency — unclear
Score 45 (ITM 20% + inst 15%) — moderate institutional
For educational purposes only. Not investment advice.