AMGNAmgen Inc
Options Analysis Report•BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
Market Cap $191.5B|NASDAQ
● 2026-04-17$355.30
BULLISH
Analysis: 2026-04-16 EOD data
1Y +29.8%YTD +8.4%7D +1.2%
Options Vol
5,487
30D
Implied Move
±9.9%
IV Rank
49%
AMGN Options Overview
IV is low with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks7/9 checks passed
IV Rank
≤35%IV Rank 29.1% — cheap vs history
IV/HV Ratio
<1.05xIV/HV 1.71x — IV premium over HV
Sector Relative≤50%
Sector percentile 18% — below sector median
Term Structure
<1.1xFront/Back 0.85x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 30.9% — normal range
Spread-Adjusted Value
<80%Effective IV 58.1% (ATM 30.9% + spread 13.6% + bias) — good value
Execution Efficiency
<3.0%Total drag 24.94% (spread 13.62% + slippage 11.32%) — high friction
Vega Efficiency
≥5.0Vega efficiency 50.01 (vega 68.115 / spread 13.62%) — efficient
Sentiment
Bullish or bearish?
8.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +47%, Raw: +32%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +47% (strong bullish) — Raw: +32%
OI Skew Magnitude
≥15%|OI skew| 13.2% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +40.6%, OI skew +13.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 36%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +65%, ATM: +31%, OTM: +30% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 27% — very bullish vs sector
Activity
Unusual activity?
5.1
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks3/9 checks passed
Volume Surge
≥1.5xVolume 1.2x avg — normal
Turnover Rate
≥15%Vol/OI 5.3% — 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 +5.4% (5d) — building
Sector Relative≥60%
Sector activity percentile 78% — active vs sector
Trade Quality
≥30%Large trade volume 23% — mixed
Execution Urgency
≥60%Aggressive execution 34% — patient
Flow Conviction
≥30Conviction +47 (bullish) — moderate
Liquidity
Can I trade efficiently?
4.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 13.6% — wide
Adequate OI
≥10,000OI 104,114 — deep
Active Volume
≥500Volume 5,487/day — active
Reasonable Cost
≤$0.50$0.68 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 22% — tighter than sector
Order Book Depth
≥100 contractsDepth 87.6 contracts (bid:41.2 ask:46.4) — thin
Execution Quality
<1.0%Avg slippage 11.32% — poor
Timing
Is now a good time?
8.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -15.4% — contango
IV Percentile Clarity
<30 or >70IV percentile 29% — buyer opportunity
Event Detection
≥10pts kinkIV kink -5.9pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 584.68 — favors income trades
Expiration Distribution
≥3 expirations5 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: Earnings in 13d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +47% @ 73% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 53 (ITM 20% + inst 23%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls7.4
bullishIV cheap, bullish flow
Long Puts4.7
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.9
bullishIV too cheap, bullish flow
Covered Call3.8
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.