MLTXMoonLake Immunotherapeutics Class A Ordinary Shares
MLTX Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
MLTX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 87.0% — elevated vs history
IV/HV 1.68x — IV premium over HV
Sector percentile 66% — above sector median
Front/Back 0.76x — contango
Put/Call IV 1.16x — elevated
ATM IV 70.1% — normal range
Effective IV 144.3% (ATM 70.1% + spread 37.1% + bias) — expensive
Total drag 52.28% (spread 37.08% + slippage 15.20%) — high friction
Vega efficiency 0.89 (vega 3.317 / spread 37.08%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +25% (bullish) — Raw: +22%
|OI skew| 70.8% — call-heavy
Vol skew +92.3%, OI skew +70.8% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +60%, ATM: -67%, OTM: +24% — neutral (ITM/ATM divergent)
Sector P/C percentile 11% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.5x avg — normal
Vol/OI 1.2% — normal turnover
1 day(s) elevated — may be one-day event
OI change +9.1% (5d) — building
Sector activity percentile 45% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 52% — patient
Conviction +25 (bullish) — mixed
Liquidity
Can I trade efficiently?
Evaluates
Spread 37.1% — wide
OI 29,226 — adequate
Volume 366/day — thin
$1.85 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 87% — much wider than sector
Depth 89.0 contracts (bid:22.5 ask:66.5) — thin
Avg slippage 15.20% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -23.7% — contango
IV percentile 87% — seller opportunity
IV kink -10.4pts — no clear event
θ/ν ratio 368.57 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +25% @ 63% consistency — moderate (bullish)
Score 30 (ITM 20% + inst 0%) — retail dominated
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.