VRDNViridian Therapeutics, Inc. Common Stock
VRDN Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
VRDN Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 85.5% — elevated vs history
IV/HV 1.95x — IV premium over HV
Sector percentile 64% — above sector median
Front/Back 0.89x — contango
Put/Call IV 1.16x — elevated
ATM IV 67.3% — normal range
Effective IV 174.0% (ATM 67.3% + spread 53.4% + bias) — expensive
Total drag 70.00% (spread 53.37% + slippage 16.63%) — high friction
Vega efficiency 0.24 (vega 1.290 / spread 53.37%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -93% (strong bearish) — Raw: -90%
|OI skew| 53.5% — put-heavy
Vol skew +90.4%, OI skew -53.5% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -33%, ATM: -95%, OTM: +0% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 13% — very bullish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.4x avg — normal
Vol/OI 0.9% — normal turnover
1 day(s) elevated — may be one-day event
OI change +1.1% (5d) — stable
Sector activity percentile 38% — below sector avg
Large trade volume 0% — mostly retail
Aggressive execution 22% — patient
Conviction -93 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 53.4% — wide
OI 9,725 — thin
Volume 83/day — thin
$2.67 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 86% — much wider than sector
Depth 41.1 contracts (bid:26.8 ask:14.3) — thin
Avg slippage 16.63% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -11.5% — contango
IV percentile 86% — seller opportunity
IV kink -19.7pts — no clear event
θ/ν ratio 25.96 — favors income trades
3 liquid expirations — flexible
caution advised: FOMC in 5d; CPI in 0d (HIGH)
Spread ratio 1.00x — stable
Flow -93% @ 96% consistency — STRONG directional (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.