bullish flow. Conditions favor option buyers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 31.6% — cheap vs history
IV/HV 1.50x — IV premium over HV
Sector percentile 44% — below sector median
Front/Back 0.98x — contango
Put/Call IV 1.16x — elevated
ATM IV 33.2% — normal range
Effective IV 51.9% (ATM 33.2% + spread 9.3% + bias) — good value
Total drag 13.43% (spread 9.35% + slippage 4.08%) — high friction
Vega efficiency 8.25 (vega 7.714 / spread 9.35%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +20% (bullish) — Raw: +16%
|OI skew| 85.1% — call-heavy
Vol skew +86.9%, OI skew +85.1% — aligned
0-DTE 10%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +34%, ATM: -29%, OTM: +26% — neutral (ITM/ATM divergent)
Sector P/C percentile 5% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 3.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +2.2% (5d) — building
Sector activity percentile 49% — neutral vs sector
Large trade volume 35% — institutional presence
Aggressive execution 49% — patient
Conviction +20 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 9.3% — wide
OI 199,176 — deep
Volume 6,135/day — active
$0.47 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 54% — neutral vs sector
Depth 481.70000000000005 contracts (bid:222.6 ask:259.1) — adequate
Avg slippage 4.08% — poor
Is now a good time?
Considers earnings proximity,
Slope -1.9% — flat/unclear
IV percentile 32% — neutral
IV kink -1.5pts — no clear event
θ/ν ratio 1402.60 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +20% @ 60% consistency — unclear
Score 65 (ITM 20% + inst 35%) — HIGH institutional
For educational purposes only. Not investment advice.