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 52.0% — elevated vs history
IV/HV 0.79x — IV ≤ HV
Sector percentile 68% — above sector median
Front/Back 1.06x — backwardation
Put/Call IV 1.16x — elevated
ATM IV 39.4% — normal range
Effective IV 61.6% (ATM 39.4% + spread 11.1% + bias) — good value
Total drag 14.40% (spread 11.08% + slippage 3.32%) — high friction
Vega efficiency 32.05 (vega 35.510 / spread 11.08%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: -15% (bearish) — Raw: -13%
|OI skew| 9.3% — balanced
Vol skew -0.3%, OI skew +9.3% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +4%, ATM: +3%, OTM: -23% — neutral (ITM/ATM aligned)
Sector P/C percentile 87% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 0.9% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +4.3% (5d) — building
Sector activity percentile 27% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 40% — patient
Conviction -15 (bearish) — mixed
Can I trade efficiently?
Evaluates
Spread 11.1% — wide
OI 162,618 — deep
Volume 1,386/day — adequate
$0.55 to cross — expensive
1 liquid strikes — limited options
Sector spread percentile 74% — wider than sector
Depth 479.5 contracts (bid:241.0 ask:238.5) — adequate
Avg slippage 3.32% — poor
Is now a good time?
Considers earnings proximity,
Slope +6.1% — backwardation
IV percentile 52% — neutral
IV kink 2.2pts — no clear event
θ/ν ratio 967.58 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -15% @ 58% consistency — unclear
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.