AGIOAgios Pharmaceuticals, Inc.
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $2.1B|NASDAQ
● 2026-04-17$35.14
VERY BULLISH
Analysis: 2026-04-16 EOD data
1Y +28.5%YTD +29.3%7D +6.7%
Options Vol
50
30D
Implied Move
±18.9%
IV Rank
23%
AGIO Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
3.9
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks2/9 checks passed
IV Rank
≤35%IV Rank 85.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.47x — IV premium over HV
Sector Relative≤50%
Sector percentile 59% — above sector median
Term Structure
<1.1xFront/Back 1.04x — flat
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 80.6% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 153.8% (ATM 80.6% + spread 36.6% + bias) — expensive
Execution Efficiency
<3.0%Total drag 48.49% (spread 36.58% + slippage 11.91%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.20 (vega 8.041 / spread 36.58%) — spread drag
Sentiment
Bullish or bearish?
7.6
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +32%, Raw: +22%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +32% (strong bullish) — Raw: +22%
OI Skew Magnitude
≥15%|OI skew| 71.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +88.0%, OI skew +71.3% — aligned
Conviction Quality
≥2/3 conditions0-DTE 22%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +82%, ATM: -3%, OTM: +100% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 16% — very bullish vs sector
Activity
Unusual activity?
2.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.1% — 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 +0.4% (5d) — stable
Sector Relative≥60%
Sector activity percentile 7% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 37% — patient
Flow Conviction
≥30Conviction +32 (bullish) — moderate
Liquidity
Can I trade efficiently?
2.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 36.6% — wide
Adequate OI
≥10,000OI 43,691 — adequate
Active Volume
≥500Volume 50/day — thin
Reasonable Cost
≤$0.50$1.83 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 84% — much wider than sector
Order Book Depth
≥100 contractsDepth 79.5 contracts (bid:45.7 ask:33.8) — thin
Execution Quality
<1.0%Avg slippage 11.91% — poor
Timing
Is now a good time?
7.5
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +3.8% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 86% — seller opportunity
Event Detection
≥10pts kinkIV kink 5.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 390.36 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 12d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +32% @ 67% consistency — moderate (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.5
bullishIV expensive, bullish flow
Long Puts3.7
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.1
bullishIV rich premium, bullish flow
Covered Call4.3
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.