ASNDAscendis Pharma A/S Ordinary Share
Options Analysis Report
Market Cap $12.7B|NASDAQ
● 2026-06-09$205.81
VERY BULLISH
Analysis: 2026-06-08 EOD data
1Y +18.9%YTD -3.5%7D -5.0%
Options Vol
184
30D
Implied Move
±12.9%
IV Rank
15%
ASND Options Overview
bullish flow. Conditions favor option buyers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.6
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 50.0% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.00x — IV ≤ HV
Sector Relative≤50%
Sector percentile 50% — below sector median
Term Structure
<1.1xFront/Back 0.97x — contango
Skew Normal
<1.25xPut/Call IV 1.00x — normal
Absolute IV
<80%ATM IV 0.0% — normal range
Spread-Adjusted Value
<80%Effective IV 50.2% (ATM 0.0% + spread 25.1% + bias) — good value
Execution Efficiency
<3.0%Total drag 37.13% (spread 25.12% + slippage 12.01%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.00 (vega 0.000 / spread 25.12%) — spread drag
Sentiment
Bullish or bearish?
9.1
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +75%, Raw: +65%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +75% (strong bullish) — Raw: +65%
OI Skew Magnitude
≥15%|OI skew| 36.2% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +66.3%, OI skew +36.2% — aligned
Conviction Quality
≥2/3 conditions0-DTE 0%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +64%, OTM: +70% — strong bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 34% — bullish vs sector
Activity
Unusual activity?
3.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.2x avg — normal
Turnover Rate
≥15%Vol/OI 1.2% — 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 +51.6% (5d) — building
Sector Relative≥60%
Sector activity percentile 48% — neutral vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 32% — patient
Flow Conviction
≥30Conviction +75 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 25.1% — wide
Adequate OI
≥10,000OI 15,066 — adequate
Active Volume
≥500Volume 184/day — thin
Reasonable Cost
≤$0.50$1.26 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 0% — much tighter than sector
Order Book Depth
≥100 contractsDepth 19.7 contracts (bid:9.7 ask:10.0) — thin
Execution Quality
<1.0%Avg slippage 12.01% — poor
Timing
Is now a good time?
5.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks3/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -3.0% — flat/unclear
IV Percentile Clarity
<30 or >70IV percentile 50% — neutral
Event Detection
≥10pts kinkIV kink 0.3pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1.00 — favors mixed
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +75% @ 87% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls6.9
bullishIV cheap, bullish flow
Long Puts4.0
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV too cheap, bullish flow
Covered Call2.8
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.