PRAXPraxis Precision Medicines, Inc. Common Stock
PRAX Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
PRAX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 85.1% — elevated vs history
IV/HV 1.45x — IV premium over HV
Sector percentile 63% — above sector median
Front/Back 0.80x — contango
Put/Call IV 1.16x — elevated
ATM IV 66.5% — normal range
Effective IV 92.6% (ATM 66.5% + spread 13.1% + bias) — expensive
Total drag 34.83% (spread 13.05% + slippage 21.78%) — high friction
Vega efficiency 32.36 (vega 42.232 / spread 13.05%) — efficient
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: +50% (strong bullish) — Raw: +39%
|OI skew| 27.7% — put-heavy
Vol skew +56.5%, OI skew -27.7% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: +38%, ATM: +0%, OTM: +43% — bullish (ITM/ATM divergent)
Sector P/C percentile 35% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.1x avg — normal
Vol/OI 0.2% — normal turnover
1 day(s) elevated — may be one-day event
OI change +5.0% (5d) — building
Sector activity percentile 10% — quiet vs sector
Large trade volume 0% — mostly retail
Aggressive execution 17% — patient
Conviction +50 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 13.1% — wide
OI 14,676 — adequate
Volume 23/day — thin
$0.65 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 85% — much wider than sector
Depth 7.6 contracts (bid:2.8 ask:4.8) — thin
Avg slippage 21.78% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -20.0% — contango
IV percentile 85% — seller opportunity
IV kink -11.6pts — no clear event
θ/ν ratio 107.93 — favors income trades
4 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow +50% @ 75% consistency — STRONG directional (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.