Options/RPRX

RPRXRoyalty Pharma plc Class A Ordinary Shares

Options Analysis Report•PHARMACEUTICAL PREPARATIONS

Market Cap $27.1B|NASDAQ

● 2026-08-31$60.85

BULLISH

Analysis: 2026-08-28 EOD data

1Y +68.2%YTD +56.6%7D -0.8%

Options Vol

590

30D

Implied Move

±9.3%

IV Rank

RPRX Options Overview

bullish flow with unusual activity. Conditions favor option buyers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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RPRX Gamma Walls

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Value

Is IV priced right?

6.5

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks3/9 checks passed

IV Rank

≤35%

IV Rank 42.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.22x — IV premium over HV

Sector Relative≤50%

Sector percentile 14% — below sector median

Term Structure

<1.1x

Front/Back 1.28x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 28.4% — normal range

Spread-Adjusted Value

<80%

Effective IV 117.5% (ATM 28.4% + spread 44.6% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 61.84% (spread 44.56% + slippage 17.28%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 3.24 (vega 14.444 / spread 44.56%) — spread drag

Sentiment

Bullish or bearish?

5.4

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBullish - Moderate signal (Conviction: +21%, Raw: +24%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: +21% (bullish) — Raw: +24%

OI Skew Magnitude

≥15%

|OI skew| 72.3% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -15.3%, OI skew +72.3% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-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: -100%, ATM: +25%, OTM: +17% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 80% — very bearish vs sector

Activity

Unusual activity?

5.0

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks2/8 checks passed

Volume Surge

≥1.5x

Volume 1.3x avg — normal

Turnover Rate

≥15%

Vol/OI 6.0% — normal turnover

Multi-Day Persistence

≥2 days

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

OI Build

≥5%

OI change +3.7% (5d) — building

Sector Relative≥60%

Sector activity percentile 84% — very active vs sector

Trade Quality

≥30%

Large trade volume 56% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 41% — patient

Flow Conviction

≥30

Conviction +21 (bullish) — mixed

Liquidity

Can I trade efficiently?

2.8

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks1/8 checks passed

Tradeable Spread

≤5.0%

Spread 44.6% — wide

Adequate OI

≥10,000

OI 9,882 — thin

Active Volume

≥500

Volume 590/day — adequate

Reasonable Cost

≤$0.50

$2.23 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 64% — wider than sector

Order Book Depth

≥100 contracts

Depth 80.5 contracts (bid:53.3 ask:27.2) — thin

Execution Quality

<1.0%

Avg slippage 17.28% — poor

Timing

Is now a good time?

7.3

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +27.8% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 42% — neutral

Event Detection

≥10pts kink

IV kink 5.4pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 744.54 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow +21% @ 60% consistency — unclear

Smart Money Timing

≥40 composite score

Score 86 (ITM 20% + inst 56%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls6.6

bullishIV cheap, mixed flow

Long Puts5.4

bearishIV cheap, mixed flow

Premium Sellers

Cash-Secured Put4.6

bullishIV too cheap, mixed flow

Covered Call4.3

bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, 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.

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