ASNDAscendis Pharma A/S Ordinary Share
ASND Options Overview
bearish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
ASND Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 57.2% — elevated vs history
IV/HV 1.09x — IV premium over HV
Sector percentile 28% — below sector median
Front/Back 0.95x — contango
Put/Call IV 1.16x — elevated
ATM IV 38.8% — normal range
Effective IV 110.6% (ATM 38.8% + spread 35.9% + bias) — expensive
Total drag 78.98% (spread 35.89% + slippage 43.09%) — high friction
Vega efficiency 14.90 (vega 53.478 / spread 35.89%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -83% (strong bearish) — Raw: -84%
|OI skew| 36.7% — call-heavy
Vol skew -53.0%, OI skew +36.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +33%, OTM: -86% — bullish (ITM/ATM divergent)
Sector P/C percentile 90% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 1.7% — normal turnover
1 day(s) elevated — may be one-day event
OI change +7.5% (5d) — building
Sector activity percentile 55% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 76% — urgent
Conviction -83 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 35.9% — wide
OI 8,955 — thin
Volume 149/day — thin
$1.79 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 71% — wider than sector
Depth 21.799999999999997 contracts (bid:13.6 ask:8.2) — thin
Avg slippage 43.09% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -5.3% — contango
IV percentile 57% — neutral
IV kink -0.7pts — no clear event
θ/ν ratio 439.78 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -83% @ 91% consistency — STRONG directional (bearish)
Score 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
For educational purposes only. Not investment advice.
The Options Desk tracks the move options price into every US earnings report the week of Sep 7, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.