TVTXTravere Therapeutics, Inc. Common Stock
TVTX Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
TVTX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 74.4% — elevated vs history
IV/HV 1.91x — IV premium over HV
Sector percentile 48% — below sector median
Front/Back 0.90x — contango
Put/Call IV 1.16x — elevated
ATM IV 52.2% — normal range
Effective IV 101.8% (ATM 52.2% + spread 24.8% + bias) — expensive
Total drag 35.38% (spread 24.81% + slippage 10.57%) — high friction
Vega efficiency 5.57 (vega 13.814 / spread 24.81%) — acceptable
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -37% (strong bearish) — Raw: -40%
|OI skew| 34.4% — call-heavy
Vol skew +58.2%, OI skew +34.4% — aligned
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -4%, ATM: +54%, OTM: -56% — bullish (ITM/ATM divergent)
Sector P/C percentile 33% — bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.8x avg — normal
Vol/OI 1.4% — normal turnover
1 day(s) elevated — may be one-day event
OI change -0.8% (5d) — stable
Sector activity percentile 50% — neutral vs sector
Large trade volume 0% — mostly retail
Aggressive execution 30% — patient
Conviction -37 (bearish) — moderate
Liquidity
Can I trade efficiently?
Evaluates
Spread 24.8% — wide
OI 32,284 — adequate
Volume 459/day — thin
$1.24 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 79% — wider than sector
Depth 89.7 contracts (bid:62.7 ask:27.0) — thin
Avg slippage 10.57% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -10.2% — contango
IV percentile 74% — seller opportunity
IV kink -1.5pts — no clear event
θ/ν ratio 374.37 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -37% @ 69% consistency — moderate (bearish)
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.