IV is elevated with 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 81.9% — elevated vs history
IV/HV 1.23x — IV premium over HV
Sector percentile 88% — above sector median
Front/Back 0.93x — contango
Put/Call IV 1.16x — elevated
ATM IV 73.8% — normal range
Effective IV 145.4% (ATM 73.8% + spread 35.8% + bias) — expensive
Total drag 46.59% (spread 35.80% + slippage 10.79%) — high friction
Vega efficiency 2.26 (vega 8.089 / spread 35.80%) — spread drag
Bullish or bearish?
Analyzes
Conviction-weighted: +36% (strong bullish) — Raw: +23%
|OI skew| 47.0% — call-heavy
Vol skew +79.3%, OI skew +47.0% — aligned
0-DTE 46%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +68%, ATM: -9%, OTM: +6% — strong bullish (ITM/ATM divergent)
Sector P/C percentile 10% — very bullish vs sector
Unusual activity?
Detects volume surges,
Volume 1.2x avg — normal
Vol/OI 3.6% — normal turnover
Top 3 strikes = 50% — dispersed
1 day(s) elevated — may be one-day event
OI change +19.6% (5d) — building
Sector activity percentile 56% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 33% — patient
Conviction +36 (bullish) — moderate
Can I trade efficiently?
Evaluates
Spread 35.8% — wide
OI 24,391 — adequate
Volume 888/day — adequate
$1.79 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 90% — much wider than sector
Depth 329.7 contracts (bid:192.6 ask:137.1) — adequate
Avg slippage 10.79% — poor
Is now a good time?
Considers earnings proximity,
Slope -6.6% — contango
IV percentile 82% — seller opportunity
IV kink -1.5pts — no clear event
θ/ν ratio 685.48 — favors income trades
3 liquid expirations — flexible
safe window: No earnings detected
Spread ratio 1.00x — stable
Flow +36% @ 68% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
For educational purposes only. Not investment advice.