IV is elevated with bullish flow. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 83.4% — elevated vs history
IV/HV 2.46x — IV premium over HV
Sector percentile 90% — above sector median
Front/Back 5.45x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 73.8% — normal range
Effective IV 100.1% (ATM 73.8% + spread 13.1% + bias) — expensive
Total drag 20.55% (spread 13.14% + slippage 7.41%) — high friction
Vega efficiency 15.40 (vega 20.239 / spread 13.14%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -56% (strong bearish) — Raw: -25%
|OI skew| 18.9% — put-heavy
Vol skew +100.0%, OI skew -18.9% — divergent (opposite)
0-DTE 38%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -25%, ATM: +0%, OTM: +0% — 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 +0.0% (5d) — stable
Sector activity percentile 7% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 100% — highly urgent
Conviction -56 (bearish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 13.1% — wide
OI 3,120 — thin
Volume 8/day — thin
$0.66 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 92% — much wider than sector
Depth 10.0 contracts (bid:8.0 ask:2.0) — thin
Avg slippage 7.41% — poor
Is now a good time?
Considers earnings proximity,
Slope +444.7% — backwardation
IV percentile 83% — seller opportunity
IV kink 178.0pts — event priced
θ/ν ratio 1249.31 — favors income trades
4 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow -56% @ 75% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.