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 31.7% — cheap vs history
IV/HV 0.88x — IV ≤ HV
Sector percentile 44% — below sector median
Front/Back 1.03x — flat
Put/Call IV 1.16x — elevated
ATM IV 33.4% — normal range
Effective IV 60.5% (ATM 33.4% + spread 13.6% + bias) — good value
Total drag 18.19% (spread 13.55% + slippage 4.64%) — high friction
Vega efficiency 37.62 (vega 50.973 / spread 13.55%) — efficient
Bullish or bearish?
Analyzes
Conviction-weighted: +2% (neutral) — Raw: +4%
|OI skew| 35.4% — put-heavy
Vol skew -1.3%, OI skew -35.4% — weak (same direction)
0-DTE 49%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -3%, ATM: +30%, OTM: -18% — bullish (ITM/ATM divergent)
Sector P/C percentile 87% — very bearish vs sector
Unusual activity?
Detects volume surges,
Volume 0.3x avg — normal
Vol/OI 2.1% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +6.2% (5d) — building
Sector activity percentile 40% — below sector avg
Large trade volume 47% — institutional presence
Aggressive execution 22% — patient
Conviction +2 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 13.6% — wide
OI 579,590 — deep
Volume 12,217/day — active
$0.68 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 53% — neutral vs sector
Depth 244.4 contracts (bid:117.2 ask:127.2) — adequate
Avg slippage 4.64% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.7% — flat/unclear
IV percentile 32% — neutral
IV kink 1.3pts — no clear event
θ/ν ratio 1122.76 — favors income trades
5 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +2% @ 51% consistency — unclear
Score 77 (ITM 20% + inst 47%) — HIGH institutional
For educational purposes only. Not investment advice.