IV is elevated. Conditions favor premium sellers.
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 74.5% — elevated vs history
IV/HV 1.13x — IV premium over HV
Sector percentile 76% — above sector median
Front/Back 1.04x — flat
Put/Call IV 1.16x — elevated
ATM IV 56.4% — normal range
Effective IV 89.4% (ATM 56.4% + spread 16.5% + bias) — expensive
Total drag 23.31% (spread 16.51% + slippage 6.80%) — high friction
Vega efficiency 2.87 (vega 4.744 / spread 16.51%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: -39% (strong bearish) — Raw: -40%
|OI skew| 34.8% — call-heavy
Vol skew +38.0%, OI skew +34.8% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +40%, ATM: -16%, OTM: -53% — bullish (ITM/ATM divergent)
Sector P/C percentile 39% — bullish vs sector
Unusual activity?
Detects volume surges,
Volume 0.6x avg — normal
Vol/OI 2.7% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change -0.6% (5d) — stable
Sector activity percentile 61% — active vs sector
Large trade volume 34% — institutional presence
Aggressive execution 58% — patient
Conviction -39 (bearish) — moderate
Can I trade efficiently?
Evaluates
Spread 16.5% — wide
OI 546,568 — deep
Volume 14,615/day — active
$0.83 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 87% — much wider than sector
Depth 366.7 contracts (bid:205.7 ask:161.0) — adequate
Avg slippage 6.80% — poor
Is now a good time?
Considers earnings proximity,
Slope +3.7% — flat/unclear
IV percentile 74% — seller opportunity
IV kink 0.3pts — no clear event
θ/ν ratio 649.88 — favors income trades
4 liquid expirations — flexible
caution advised: No earnings detected; CPI in 1d (HIGH)
Spread ratio 1.00x — stable
Flow -39% @ 70% consistency — moderate (bearish)
Score 64 (ITM 20% + inst 34%) — HIGH institutional
For educational purposes only. Not investment advice.