bullish flow. No clear edge detected.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 41.3% — elevated vs history
IV/HV 1.90x — IV premium over HV
Sector percentile 55% — above sector median
Front/Back 1.81x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 38.0% — normal range
Effective IV 67.2% (ATM 38.0% + spread 14.6% + bias) — fair
Total drag 21.06% (spread 14.62% + slippage 6.44%) — high friction
Vega efficiency 11.77 (vega 17.213 / spread 14.62%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +52% (strong bullish) — Raw: +36%
|OI skew| 8.4% — balanced
Vol skew +36.3%, OI skew -8.4% — divergent (opposite)
0-DTE 6%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +4%, ATM: +50%, OTM: -14% — bullish (ITM/ATM aligned)
Sector P/C percentile 22% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 1.2% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +3.7% (5d) — building
Sector activity percentile 27% — below sector avg
Large trade volume 32% — institutional presence
Aggressive execution 45% — patient
Conviction +52 (bullish) — strong conviction
Can I trade efficiently?
Evaluates
Spread 14.6% — wide
OI 677,750 — deep
Volume 8,378/day — active
$0.73 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 63% — wider than sector
Depth 285.29999999999995 contracts (bid:182.2 ask:103.1) — adequate
Avg slippage 6.44% — poor
Is now a good time?
Considers earnings proximity,
Slope +80.8% — backwardation
IV percentile 41% — neutral
IV kink 11.8pts — event priced
θ/ν ratio 1934.01 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +52% @ 76% consistency — STRONG directional (bullish)
Score 62 (ITM 20% + inst 32%) — HIGH institutional
For educational purposes only. Not investment advice.