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IMTXImmatics N.V. Ordinary Shares

Options Analysis Report
Market Cap $1.3B|NASDAQ
● 2026-09-11$8.75
VERY BEARISH
Analysis: 2026-09-10 EOD data
1Y +47.8%YTD -16.3%7D -8.5%
150
30D
±8.6%
28%

IMTX Options Overview

bearish flow. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

5.6VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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IMTX Gamma Walls

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Value

Is IV priced right?

7.2
ExpensiveCheap

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

levels.

Risk Checks7/9 checks passed
≤35%

IV Rank 50.0% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

<1.1x

Front/Back 0.71x — contango

<1.25x

Put/Call IV 1.00x — normal

<80%

ATM IV 0.0% — normal range

<80%

Effective IV 1.0% (ATM 0.0% + spread 0.5% + bias) — excellent value

<3.0%

Total drag 0.50% (spread 0.50% + slippage 0.00%) — minimal drag

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 0.50%) — spread drag

Sentiment

Bullish or bearish?

3.4
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBalanced - Moderate signal (P/C: 1.00)
<0.65 or >1.55

P/C 1.00 — balanced (buy/sell unknown)

≥15%

|OI skew| 37.2% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew -100.0%, OI skew -37.2% — aligned

≥2/3 conditions

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

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: +0%, OTM: +0% — neutral (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 58% — bearish vs sector

Activity

Unusual activity?

5.9
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks4/8 checks passed
≥1.5x

Volume 1.9x avg — elevated

≥15%

Vol/OI 9.8% — normal turnover

≥2 days

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

≥5%

OI change +5.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 92% — very active vs sector

≥30%

Large trade volume 100% — heavy institutional

≥60%

Aggressive execution 0% — patient

≥30

Conviction +0 (neutral) — mixed

Liquidity

Can I trade efficiently?

6.1
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 0.5% — tight

≥10,000

OI 1,531 — thin

≥500

Volume 150/day — thin

≤$0.50

$0.03 to cross — cheap

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

≥100 contracts

Depth 0 contracts (bid:0 ask:0) — thin

<1.0%

Avg slippage 0.00% — excellent

Timing

Is now a good time?

5.4
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed
|slope| ≥5%

Slope -29.3% — contango

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink -2.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

caution advised: FOMC in 5d; CPI in 0d (HIGH)

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +0% @ 50% consistency — unclear

≥40 composite score

Score 130 (ITM 20% + inst 100%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.4
bullishIV cheap, bearish flow
Long Puts6.5
bearishIV cheap, bearish flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, bearish flow
Covered Call5.2
bearishIV too cheap, bearish flow

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.

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