Mixed signals. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 35.0% — cheap vs history
IV/HV 0.94x — IV ≤ HV
Sector percentile 51% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 31.4% — normal range
Effective IV 67.0% (ATM 31.4% + spread 17.8% + bias) — fair
Total drag 23.67% (spread 17.79% + slippage 5.88%) — high friction
Vega efficiency 34.81 (vega 61.924 / spread 17.79%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -6% (neutral) — Raw: -4%
|OI skew| 15.2% — put-heavy
Vol skew +4.8%, OI skew -15.2% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -9%, ATM: +14%, OTM: -15% — neutral (ITM/ATM divergent)
Sector P/C percentile 28% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 3.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.8% (5d) — building
Sector activity percentile 61% — active vs sector
Large trade volume 20% — mixed
Aggressive execution 26% — patient
Conviction -6 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 17.8% — wide
OI 624,385 — deep
Volume 19,331/day — active
$0.89 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 59% — neutral vs sector
Depth 764.7 contracts (bid:409.4 ask:355.3) — deep
Avg slippage 5.88% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.4% — flat/unclear
IV percentile 35% — neutral
IV kink 2.4pts — no clear event
θ/ν ratio 2669.12 — favors income trades
5 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -6% @ 53% consistency — unclear
Score 50 (ITM 20% + inst 20%) — moderate institutional
For educational purposes only. Not investment advice.