UTHRUnited Therapeutics Corp
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $24.4B|NASDAQ
● 2026-05-15$575.79
NEUTRAL
Analysis: 2026-05-14 EOD data
1Y +89.5%YTD +15.9%7D +1.9%
Options Vol
200
30D
Implied Move
±8.6%
IV Rank
14%
UTHR Options Overview
Mixed signals. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.8
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks6/9 checks passed
IV Rank
≤35%IV Rank 37.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.27x — IV premium over HV
Sector Relative≤50%
Sector percentile 18% — below sector median
Term Structure
<1.1xFront/Back 0.92x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 36.5% — normal range
Spread-Adjusted Value
<80%Effective IV 61.8% (ATM 36.5% + spread 12.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 33.64% (spread 12.64% + slippage 21.00%) — high friction
Vega Efficiency
≥5.0Vega efficiency 94.14 (vega 118.999 / spread 12.64%) — efficient
Sentiment
Bullish or bearish?
5.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -41%, Raw: -44%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -41% (strong bearish) — Raw: -44%
OI Skew Magnitude
≥15%|OI skew| 20.9% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +78.0%, OI skew +20.9% — aligned
Conviction Quality
≥2/3 conditions0-DTE 88%, 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: +0%, OTM: -52% — strong bearish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 25% — very bullish vs sector
Activity
Unusual activity?
3.5
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.4% — 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 +10.0% (5d) — building
Sector Relative≥60%
Sector activity percentile 15% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 61% — urgent
Flow Conviction
≥30Conviction -41 (bearish) — moderate
Liquidity
Can I trade efficiently?
2.9
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 12.6% — wide
Adequate OI
≥10,000OI 50,084 — deep
Active Volume
≥500Volume 200/day — thin
Reasonable Cost
≤$0.50$0.63 to cross — expensive
Strike Coverage
≥5 strikes1 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 66% — wider than sector
Order Book Depth
≥100 contractsDepth 12.6 contracts (bid:8.7 ask:3.9) — thin
Execution Quality
<1.0%Avg slippage 21.00% — poor
Timing
Is now a good time?
7.2
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -8.3% — contango
IV Percentile Clarity
<30 or >70IV percentile 38% — neutral
Event Detection
≥10pts kinkIV kink -1.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 511.82 — 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 -41% @ 71% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.0
bullishIV cheap, mixed flow
Long Puts6.0
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, mixed flow
Covered Call4.0
bearishIV too cheap, mixed flow
For educational purposes only. Not investment advice.