IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 79.2% — elevated vs history
IV/HV 0.94x — IV ≤ HV
Sector percentile 87% — above sector median
Front/Back 0.66x — contango
Put/Call IV 1.16x — elevated
ATM IV 69.0% — normal range
Effective IV 102.2% (ATM 69.0% + spread 16.6% + bias) — expensive
Total drag 22.81% (spread 16.61% + slippage 6.20%) — high friction
Vega efficiency 7.69 (vega 12.770 / spread 16.61%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +4% (neutral) — Raw: -2%
|OI skew| 11.5% — balanced
Vol skew +42.5%, OI skew +11.5% — aligned
0-DTE 44%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -18%, ATM: +11%, OTM: -5% — neutral (ITM/ATM divergent)
Sector P/C percentile 21% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 9.3% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +16.1% (5d) — building
Sector activity percentile 79% — active vs sector
Large trade volume 34% — institutional presence
Aggressive execution 24% — patient
Conviction +4 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 16.6% — wide
OI 342,172 — deep
Volume 31,833/day — active
$0.83 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 89% — much wider than sector
Depth 315.0 contracts (bid:161.0 ask:154.0) — adequate
Avg slippage 6.20% — poor
Is now a good time?
Considers earnings proximity,
Slope -33.7% — contango
IV percentile 79% — seller opportunity
IV kink -18.3pts — no clear event
θ/ν ratio 1403.26 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +4% @ 52% consistency — unclear
Score 64 (ITM 20% + inst 34%) — HIGH institutional
For educational purposes only. Not investment advice.