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BBIOBridgeBio Pharma, Inc. Common Stock

Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $15.0B|NASDAQ
● 2026-08-31$76.60
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +53.2%YTD -2.1%7D -5.5%
764
30D
±12.3%
3%

BBIO Options Overview

IV is elevated. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.9VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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BBIO Gamma Walls

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Value

Is IV priced right?

6.0
ExpensiveCheap

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

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 74.7% — elevated vs history

<1.05x

IV/HV 1.78x — IV premium over HV

Sector Relative≤50%

Sector percentile 47% — below sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 48.6% — normal range

<80%

Effective IV 89.6% (ATM 48.6% + spread 20.5% + bias) — expensive

<3.0%

Total drag 27.50% (spread 20.50% + slippage 7.00%) — high friction

≥5.0

Vega efficiency 10.90 (vega 22.354 / spread 20.50%) — efficient

Sentiment

Bullish or bearish?

5.6
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Very weak signal (Conviction: -1%, Raw: +7%)
|net sentiment| ≥25%

Conviction-weighted: -1% (neutral) — Raw: +7%

≥15%

|OI skew| 6.1% — balanced

Same sign, |vol skew| ≥10%

Vol skew +25.7%, OI skew -6.1% — 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: -29%, ATM: +24%, OTM: +39% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 47% — neutral vs sector

Activity

Unusual activity?

3.0
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.9x avg — normal

≥15%

Vol/OI 2.3% — normal turnover

≥2 days

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

≥5%

OI change +2.1% (5d) — building

Sector Relative≥60%

Sector activity percentile 61% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 32% — patient

≥30

Conviction -1 (bearish) — mixed

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 20.5% — wide

≥10,000

OI 32,840 — adequate

≥500

Volume 764/day — adequate

≤$0.50

$1.02 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 78% — wider than sector

≥100 contracts

Depth 77.2 contracts (bid:31.2 ask:46.0) — thin

<1.0%

Avg slippage 7.00% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed
|slope| ≥5%

Slope -13.3% — contango

<30 or >70

IV percentile 75% — seller opportunity

≥10pts kink

IV kink -4.2pts — no clear event

<0.5 or >2.0

θ/ν ratio 685.71 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -1% @ 51% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.5
bullishIV cheap, mixed flow
Long Puts5.1
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.8
bullishIV too cheap, mixed flow
Covered Call4.3
bearishIV too cheap, mixed flow

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.

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