CYTKCytokinetics Inc.
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $10.7B|NASDAQ
● 2026-05-15$78.64
BULLISH
Analysis: 2026-05-14 EOD data
1Y +163.5%YTD +27.4%7D +2.2%
Options Vol
4,254
30D
Implied Move
±8.6%
IV Rank
40%
CYTK Options Overview
bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
7.5
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 68.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.79x — IV ≤ HV
Sector Relative≤50%
Sector percentile 43% — below sector median
Term Structure
<1.1xFront/Back 0.84x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 56.1% — normal range
Spread-Adjusted Value
<80%Effective IV 79.8% (ATM 56.1% + spread 11.8% + bias) — fair
Execution Efficiency
<3.0%Total drag 24.45% (spread 11.84% + slippage 12.61%) — high friction
Vega Efficiency
≥5.0Vega efficiency 11.09 (vega 13.127 / spread 11.84%) — efficient
Sentiment
Bullish or bearish?
6.0
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksBearish - Moderate signal (Conviction: -13%, Raw: +20%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -13% (bearish) — Raw: +20%
OI Skew Magnitude
≥15%|OI skew| 38.5% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +34.6%, OI skew +38.5% — aligned
Conviction Quality
≥2/3 conditions0-DTE 62%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +25%, ATM: -21%, OTM: +63% — neutral (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 49% — neutral 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 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 2.8% — 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 +1.4% (5d) — stable
Sector Relative≥60%
Sector activity percentile 62% — active vs sector
Trade Quality
≥30%Large trade volume 16% — mixed
Execution Urgency
≥60%Aggressive execution 66% — urgent
Flow Conviction
≥30Conviction -13 (bearish) — mixed
Liquidity
Can I trade efficiently?
3.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 11.8% — wide
Adequate OI
≥10,000OI 152,119 — deep
Active Volume
≥500Volume 4,254/day — adequate
Reasonable Cost
≤$0.50$0.59 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 76% — wider than sector
Order Book Depth
≥100 contractsDepth 91.1 contracts (bid:49.1 ask:42.0) — thin
Execution Quality
<1.0%Avg slippage 12.61% — poor
Timing
Is now a good time?
7.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -15.8% — contango
IV Percentile Clarity
<30 or >70IV percentile 69% — neutral
Event Detection
≥10pts kinkIV kink -3.8pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 259.42 — 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 -13% @ 57% consistency — unclear
Smart Money Timing
≥40 composite scoreScore 46 (ITM 20% + inst 16%) — moderate institutional
Directional Strategy Fit
Option Buyers
Long Calls6.4
bullishIV cheap, bullish flow
Long Puts5.6
bearishIV cheap, bullish flow
Premium Sellers
Cash-Secured Put4.1
bullishIV too cheap, bullish flow
Covered Call4.0
bearishIV too cheap, bullish flow
For educational purposes only. Not investment advice.