IRONDisc Medicine, Inc. Common Stock
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $2.7B|NASDAQ
● 2026-05-15$69.70
BULLISH
Analysis: 2026-05-14 EOD data
1Y +48.0%YTD -11.9%7D +2.1%
Options Vol
8
30D
Implied Move
±8.6%
IV Rank
12%
IRON Options Overview
IV is elevated. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
4.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 73.1% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 2.29x — IV premium over HV
Sector Relative≤50%
Sector percentile 48% — below sector median
Term Structure
<1.1xFront/Back 0.82x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 61.4% — normal range
Spread-Adjusted Value
<80%Effective IV 162.1% (ATM 61.4% + spread 50.4% + bias) — expensive
Execution Efficiency
<3.0%Total drag 54.01% (spread 50.35% + slippage 3.66%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.70 (vega 8.585 / spread 50.35%) — spread drag
Sentiment
Bullish or bearish?
7.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +75%, Raw: +67%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +75% (strong bullish) — Raw: +67%
OI Skew Magnitude
≥15%|OI skew| 66.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -50.0%, OI skew +66.2% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +0%, OTM: +67% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 88% — very bearish vs sector
Activity
Unusual activity?
2.9
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.0x avg — normal
Turnover Rate
≥15%Vol/OI 0.1% — normal turnover
Strike Concentration
≥60%Top 3 strikes = 50% — dispersed
Multi-Day Persistence
≥2 days1 day(s) elevated — may be one-day event
OI Build
≥5%OI change +22.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 5% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 33% — patient
Flow Conviction
≥30Conviction +75 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
2.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks0/8 checks passed
Tradeable Spread
≤5.0%Spread 50.4% — wide
Adequate OI
≥10,000OI 6,313 — thin
Active Volume
≥500Volume 8/day — thin
Reasonable Cost
≤$0.50$2.52 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 79% — wider than sector
Order Book Depth
≥100 contractsDepth 20.7 contracts (bid:10.0 ask:10.7) — thin
Execution Quality
<1.0%Avg slippage 3.66% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -18.1% — contango
IV Percentile Clarity
<30 or >70IV percentile 73% — seller opportunity
Event Detection
≥10pts kinkIV kink -5.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 124.96 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: No earnings detected
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +75% @ 83% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV fair, bullish flow
Long Puts4.1
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.5
bullishIV fair, bullish flow
Covered Call4.1
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.