AInvestOption Pilot Program
Options/ROIV
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ROIVRoivant Sciences Ltd. Common Shares

Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $27.1B|NASDAQ
● 2026-08-28$37.58
BULLISH
Analysis: 2026-08-27 EOD data
1Y +214.7%YTD +71.4%7D +3.5%
481
30D
±12.4%
22%

ROIV Options Overview

IV is elevated with bullish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.5VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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ROIV Gamma Walls

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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

levels.

Risk Checks4/9 checks passed
≤35%

IV Rank 72.4% — elevated vs history

<1.05x

IV/HV 1.71x — IV premium over HV

Sector Relative≤50%

Sector percentile 45% — below sector median

<1.1x

Front/Back 0.86x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 48.9% — normal range

<80%

Effective IV 128.2% (ATM 48.9% + spread 39.6% + bias) — expensive

<3.0%

Total drag 46.67% (spread 39.64% + slippage 7.03%) — high friction

≥5.0

Vega efficiency 1.78 (vega 7.037 / spread 39.64%) — spread drag

Sentiment

Bullish or bearish?

5.0
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -41%, Raw: -39%)
|net sentiment| ≥25%

Conviction-weighted: -41% (strong bearish) — Raw: -39%

≥15%

|OI skew| 34.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew +96.3%, OI skew +34.9% — aligned

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -29%, ATM: -52%, OTM: +19% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 6% — very bullish vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.7% — normal turnover

≥2 days

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

≥5%

OI change -10.1% (5d) — unwinding

Sector Relative≥60%

Sector activity percentile 29% — below sector avg

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 40% — patient

≥30

Conviction -41 (bearish) — moderate

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 39.6% — wide

≥10,000

OI 70,013 — deep

≥500

Volume 481/day — thin

≤$0.50

$1.98 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 76% — wider than sector

≥100 contracts

Depth 183.60000000000002 contracts (bid:85.9 ask:97.7) — adequate

<1.0%

Avg slippage 7.03% — poor

Timing

Is now a good time?

7.3
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -13.7% — contango

<30 or >70

IV percentile 72% — seller opportunity

≥10pts kink

IV kink -7.4pts — no clear event

<0.5 or >2.0

θ/ν ratio 353.59 — favors income trades

≥3 expirations

4 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -41% @ 71% consistency — STRONG directional (bearish)

≥40 composite score

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

Directional Strategy Fit

Option Buyers
Long Calls5.0
bullishIV fair, mixed flow
Long Puts4.9
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put5.1
bullishIV fair, mixed flow
Covered Call5.0
bearishIV fair, mixed flow

For educational purposes only. Not investment advice.