AVXLAnavex Life Sciences
AVXL Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
AVXL Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 90.4% — elevated vs history
IV/HV 0.84x — IV ≤ HV
Sector percentile 76% — above sector median
Front/Back 0.69x — contango
Put/Call IV 1.16x — elevated
ATM IV 73.3% — normal range
Effective IV 240.2% (ATM 73.3% + spread 83.4% + bias) — expensive
Total drag 103.92% (spread 83.43% + slippage 20.49%) — high friction
Vega efficiency 0.00 (vega 0.000 / spread 83.43%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +58% (strong bullish) — Raw: +52%
|OI skew| 77.9% — call-heavy
Vol skew +31.4%, OI skew +77.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +0%, ATM: +50%, OTM: +66% — bullish (ITM/ATM divergent)
Sector P/C percentile 45% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.7x avg — normal
Vol/OI 0.8% — normal turnover
1 day(s) elevated — may be one-day event
OI change +2.4% (5d) — building
Sector activity percentile 35% — below sector avg
Large trade volume 41% — institutional presence
Aggressive execution 13% — patient
Conviction +58 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 83.4% — wide
OI 29,177 — adequate
Volume 242/day — thin
$4.17 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 90% — much wider than sector
Depth 181.7 contracts (bid:85.1 ask:96.6) — adequate
Avg slippage 20.49% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -30.6% — contango
IV percentile 90% — seller opportunity
IV kink -14.1pts — no clear event
θ/ν ratio 1.00 — favors mixed
3 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow +58% @ 79% consistency — STRONG directional (bullish)
Score 71 (ITM 20% + inst 41%) — HIGH institutional
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 Aug 31, 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.