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 99.6% — elevated vs history
IV/HV 1.03x — IV ≤ HV
Sector percentile 98% — above sector median
Front/Back 0.90x — contango
Put/Call IV 1.16x — elevated
ATM IV 81.5% — crisis-level IV
Effective IV 97.8% (ATM 81.5% + spread 8.2% + bias) — expensive
Total drag 18.23% (spread 8.15% + slippage 10.08%) — high friction
Vega efficiency 35.89 (vega 29.248 / spread 8.15%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +4% (neutral) — Raw: +7%
|OI skew| 9.0% — balanced
Vol skew -3.9%, OI skew -9.0% — weak (same direction)
0-DTE 51%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -0%, ATM: -1%, OTM: +9% — neutral (ITM/ATM aligned)
Sector P/C percentile 79% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 7.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +9.9% (5d) — building
Sector activity percentile 57% — neutral vs sector
Large trade volume 4% — mostly retail
Aggressive execution 24% — patient
Conviction +4 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 8.2% — wide
OI 384,452 — deep
Volume 30,329/day — active
$0.41 to cross — cheap
1 liquid strikes — limited options
Sector spread percentile 98% — much wider than sector
Depth 163.8 contracts (bid:64.1 ask:99.7) — adequate
Avg slippage 10.08% — poor
Is now a good time?
Considers earnings proximity,
Slope -10.3% — contango
IV percentile 100% — seller opportunity
IV kink -12.0pts — no clear event
θ/ν ratio 32.12 — favors income trades
5 liquid expirations — flexible
acceptable: Earnings in 13d
Spread ratio 1.00x — stable
Flow +4% @ 52% consistency — unclear
Score 34 (ITM 20% + inst 4%) — retail dominated
For educational purposes only. Not investment advice.