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ALMSAlumis Inc. Common Stock

Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $3.0B|NASDAQ
● 2026-08-28$23.21
BEARISH
Analysis: 2026-08-27 EOD data
1Y +393.8%YTD +159.2%7D -4.0%
1,907
30D
±64.5%
66%

ALMS Options Overview

IV is elevated with bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

3.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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ALMS Gamma Walls

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Value

Is IV priced right?

0.7
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks1/9 checks passed
≤35%

IV Rank 99.0% — elevated vs history

<1.05x

IV/HV 2.55x — IV premium over HV

Sector Relative≤50%

Sector percentile 99% — above sector median

<1.1x

Front/Back 1.81x — backwardation

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 156.3% — crisis-level IV

<80%

Effective IV 190.3% (ATM 156.3% + spread 17.0% + bias) — expensive

<3.0%

Total drag 21.86% (spread 17.00% + slippage 4.86%) — high friction

≥5.0

Vega efficiency 2.81 (vega 4.770 / spread 17.00%) — spread drag

Sentiment

Bullish or bearish?

3.3
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -55%, Raw: -51%)
|net sentiment| ≥25%

Conviction-weighted: -55% (strong bearish) — Raw: -51%

≥15%

|OI skew| 34.5% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -12.6%, OI skew +34.5% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +100%, ATM: +100%, OTM: -52% — strong bullish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 81% — very bearish vs sector

Activity

Unusual activity?

4.1
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks3/8 checks passed
≥1.5x

Volume 0.7x avg — normal

≥15%

Vol/OI 3.3% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +14.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 67% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 37% — patient

≥30

Conviction -55 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

2.8
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed
≤5.0%

Spread 17.0% — wide

≥10,000

OI 58,330 — deep

≥500

Volume 1,907/day — adequate

≤$0.50

$0.85 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 99% — much wider than sector

≥100 contracts

Depth 39.5 contracts (bid:18.6 ask:20.9) — thin

<1.0%

Avg slippage 4.86% — poor

Timing

Is now a good time?

8.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed
|slope| ≥5%

Slope +81.0% — backwardation

<30 or >70

IV percentile 99% — seller opportunity

≥10pts kink

IV kink 71.0pts — event priced

<0.5 or >2.0

θ/ν ratio 151.43 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -55% @ 78% consistency — STRONG directional (bearish)

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls3.1
bullishIV expensive, bearish flow
Long Puts4.3
bearishIV expensive, bearish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV rich premium, bearish flow
Covered Call7.6
bearishIV rich premium, bearish flow

For educational purposes only. Not investment advice.