ROIVRoivant Sciences Ltd. Common Shares
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $21.1B|NASDAQ
● 2026-05-15$29.50
BULLISH
Analysis: 2026-05-14 EOD data
1Y +174.2%YTD +34.5%7D +3.3%
Options Vol
942
30D
Implied Move
±8.6%
IV Rank
61%
ROIV Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.6
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 70.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.91x — IV premium over HV
Sector Relative≤50%
Sector percentile 45% — below sector median
Term Structure
<1.1xFront/Back 1.02x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 58.2% — normal range
Spread-Adjusted Value
<80%Effective IV 139.9% (ATM 58.2% + spread 40.8% + bias) — expensive
Execution Efficiency
<3.0%Total drag 47.10% (spread 40.84% + slippage 6.26%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.46 (vega 5.951 / spread 40.84%) — spread drag
Sentiment
Bullish or bearish?
5.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Strong signal (Conviction: -19%, Raw: +1%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -19% (bearish) — Raw: +1%
OI Skew Magnitude
≥15%|OI skew| 25.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +34.4%, OI skew +25.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 34%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: -94%, ATM: -40%, OTM: +96% — strong bearish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 49% — neutral vs sector
Activity
Unusual activity?
4.3
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.9x avg — normal
Turnover Rate
≥15%Vol/OI 2.1% — 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 +49.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 55% — neutral vs sector
Trade Quality
≥30%Large trade volume 96% — heavy institutional
Execution Urgency
≥60%Aggressive execution 10% — patient
Flow Conviction
≥30Conviction -19 (bearish) — mixed
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 40.8% — wide
Adequate OI
≥10,000OI 45,706 — adequate
Active Volume
≥500Volume 942/day — adequate
Reasonable Cost
≤$0.50$2.04 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 77% — wider than sector
Order Book Depth
≥100 contractsDepth 356.20000000000005 contracts (bid:236.3 ask:119.9) — adequate
Execution Quality
<1.0%Avg slippage 6.26% — poor
Timing
Is now a good time?
6.9
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +2.3% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 71% — seller opportunity
Event Detection
≥10pts kinkIV kink 2.7pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 305.19 — 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 -19% @ 60% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 126 (ITM 20% + inst 96%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV expensive, mixed flow
Long Puts4.2
bearishIV expensive, mixed flow
Premium Sellers
Cash-Secured Put5.9
bullishIV rich premium, mixed flow
Covered Call5.0
bearishIV rich premium, mixed flow
For educational purposes only. Not investment advice.