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IRMIron Mountain Inc.

Options Analysis Report•REAL ESTATE INVESTMENT TRUSTS
Market Cap $35.0B|NYSE
● 2026-08-31$117.40
NEUTRAL
Analysis: 2026-08-28 EOD data
1Y +31.2%YTD +41.0%7D -3.1%
1,433
30D
±8.9%
5%

IRM Options Overview

Mixed signals. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

4.8VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
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IRM Gamma Walls

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Value

Is IV priced right?

6.1
ExpensiveCheap

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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 51.2% — elevated vs history

<1.05x

IV/HV 0.96x — IV ≤ HV

Sector Relative≤50%

Sector percentile 78% — above sector median

<1.1x

Front/Back 0.92x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 30.5% — normal range

<80%

Effective IV 81.8% (ATM 30.5% + spread 25.6% + bias) — expensive

<3.0%

Total drag 34.59% (spread 25.64% + slippage 8.95%) — high friction

≥5.0

Vega efficiency 3.44 (vega 8.818 / spread 25.64%) — spread drag

Sentiment

Bullish or bearish?

4.9
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksBearish - Moderate signal (Conviction: -17%, Raw: -11%)
|net sentiment| ≥25%

Conviction-weighted: -17% (bearish) — Raw: -11%

≥15%

|OI skew| 35.1% — put-heavy

Same sign, |vol skew| ≥10%

Vol skew +21.7%, OI skew -35.1% — 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: -56%, ATM: -16%, OTM: -6% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 44% — bullish vs sector

Activity

Unusual activity?

3.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.6x avg — normal

≥15%

Vol/OI 3.0% — normal turnover

≥2 days

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

≥5%

OI change +4.9% (5d) — building

Sector Relative≥60%

Sector activity percentile 62% — active vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 29% — patient

≥30

Conviction -17 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9
IlliquidLiquid

Evaluates

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

Risk Checks2/8 checks passed
≤5.0%

Spread 25.6% — wide

≥10,000

OI 47,354 — adequate

≥500

Volume 1,433/day — adequate

≤$0.50

$1.28 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 83% — much wider than sector

≥100 contracts

Depth 89.1 contracts (bid:49.1 ask:40.0) — thin

<1.0%

Avg slippage 8.95% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks5/9 checks passed
|slope| ≥5%

Slope -7.6% — contango

<30 or >70

IV percentile 51% — neutral

≥10pts kink

IV kink -0.6pts — no clear event

<0.5 or >2.0

θ/ν ratio 80.23 — 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 -17% @ 58% consistency — unclear

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.3
bullishIV cheap, mixed flow
Long Puts5.4
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.5
bullishIV too cheap, mixed flow
Covered Call4.6
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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