IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 91.7% — elevated vs history
IV/HV 7.30x — IV premium over HV
Sector percentile 95% — above sector median
Front/Back 1.02x — flat
Put/Call IV 1.16x — elevated
ATM IV 89.3% — crisis-level IV
Effective IV 107.4% (ATM 89.3% + spread 9.1% + bias) — expensive
Total drag 12.81% (spread 9.07% + slippage 3.74%) — high friction
Vega efficiency 2.11 (vega 1.910 / spread 9.07%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +0% (neutral) — Raw: +7%
|OI skew| 69.5% — call-heavy
Vol skew +59.4%, OI skew +69.5% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +20%, ATM: -10%, OTM: +23% — neutral (ITM/ATM divergent)
Sector P/C percentile 14% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 2.9x avg — hot
Vol/OI 18.7% — high turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +47.0% (5d) — building
Sector activity percentile 93% — very active vs sector
Large trade volume 29% — mixed
Aggressive execution 51% — patient
Conviction +0 (bullish) — mixed
Can I trade efficiently?
Evaluates
Spread 9.1% — wide
OI 81,057 — deep
Volume 15,127/day — active
$0.45 to cross — cheap
0 liquid strikes — limited options
Sector spread percentile 96% — much wider than sector
Depth 155.0 contracts (bid:59.7 ask:95.3) — adequate
Avg slippage 3.74% — poor
Is now a good time?
Considers earnings proximity,
Slope +2.1% — flat/unclear
IV percentile 92% — seller opportunity
IV kink -4.7pts — no clear event
θ/ν ratio 47.50 — favors income trades
4 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +0% @ 50% consistency — unclear
Score 59 (ITM 20% + inst 29%) — moderate institutional
For educational purposes only. Not investment advice.