INSMInsmed, Inc.
INSM Options Overview
IV is elevated with bullish flow and unusual activity. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
INSM Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 72.3% — elevated vs history
IV/HV 1.32x — IV premium over HV
Sector percentile 46% — below sector median
Front/Back 0.83x — contango
Put/Call IV 1.16x — elevated
ATM IV 50.6% — normal range
Effective IV 78.2% (ATM 50.6% + spread 13.8% + bias) — fair
Total drag 18.83% (spread 13.82% + slippage 5.01%) — high friction
Vega efficiency 48.29 (vega 66.737 / spread 13.82%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -58% (strong bearish) — Raw: -46%
|OI skew| 16.9% — call-heavy
Vol skew +99.1%, OI skew +16.9% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -98%, ATM: +38%, OTM: +2% — strong bearish (ITM/ATM divergent)
Sector P/C percentile 0% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 6.0x avg — hot
Vol/OI 12.6% — normal turnover
1 day(s) elevated — may be one-day event
OI change -0.1% (5d) — stable
Sector activity percentile 94% — very active vs sector
Large trade volume 94% — heavy institutional
Aggressive execution 15% — patient
Conviction -58 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 13.8% — wide
OI 91,173 — deep
Volume 11,468/day — active
$0.69 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 78% — wider than sector
Depth 40.099999999999994 contracts (bid:20.2 ask:19.9) — thin
Avg slippage 5.01% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -17.2% — contango
IV percentile 72% — seller opportunity
IV kink -5.2pts — no clear event
θ/ν ratio 2606.89 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -58% @ 79% consistency — STRONG directional (bearish)
Score 124 (ITM 20% + inst 94%) — 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 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.