Options/ESPR

ESPR

Options Analysis Report

Market Cap: --

● 2026-07-13$3.18

NEUTRAL

Analysis: 2026-07-10 EOD data

1Y +37.1%YTD -14.3%7D +0.0%

Options Vol

13,703

30D

Implied Move

±8.6%

IV Rank

36%

ESPR Options Overview

bullish flow with unusual activity. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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ESPR Gamma Walls

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Value

Is IV priced right?

5.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed

IV Rank

≤35%

IV Rank 50.0% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

Term Structure

<1.1x

Front/Back 1.00x — flat

Skew Normal

<1.25x

Put/Call IV 1.00x — normal

Absolute IV

<80%

ATM IV 0.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 96.5% (ATM 0.0% + spread 48.2% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 60.87% (spread 48.25% + slippage 12.62%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 48.25%) — spread drag

Sentiment

Bullish or bearish?

3.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -92%, Raw: -92%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -92% (strong bearish) — Raw: -92%

OI Skew Magnitude

≥15%

|OI skew| 57.0% — call-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +100.0%, OI skew +57.0% — aligned

Conviction Quality

≥2/3 conditions

0-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: -92%, ATM: +0%, OTM: +0% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 50% — neutral vs sector

Activity

Unusual activity?

7.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks6/9 checks passed

Volume Surge

≥1.5x

Volume 4.6x avg — hot

Turnover Rate

≥15%

Vol/OI 16.9% — high turnover

Strike Concentration

≥60%

Top 3 strikes = 50% — dispersed

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +3.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 96% — very active vs sector

Trade Quality

≥30%

Large trade volume 80% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 64% — urgent

Flow Conviction

≥30

Conviction -92 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

4.0

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 48.2% — wide

Adequate OI

≥10,000

OI 81,023 — deep

Active Volume

≥500

Volume 13,703/day — active

Reasonable Cost

≤$0.50

$2.41 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

Order Book Depth

≥100 contracts

Depth 3,964.3 contracts (bid:3,363.6 ask:600.7) — deep

Execution Quality

<1.0%

Avg slippage 12.62% — poor

Timing

Is now a good time?

5.6

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +0.0% — flat/unclear

IV Percentile Clarity

<30 or >70

IV percentile 50% — neutral

Event Detection

≥10pts kink

IV kink 0.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: No earnings detected; CPI in 1d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -92% @ 96% consistency — STRONG directional (bearish)

Smart Money Timing

≥40 composite score

Score 110 (ITM 20% + inst 80%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.6

bullishIV fair, bearish flow

Long Puts5.8

bearishIV fair, bearish flow

Premium Sellers

Cash-Secured Put4.1

bullishIV fair, bearish flow

Covered Call5.3

bearishIV fair, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, 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.

More on ESPR

ESPR gamma walls ESPR max pain ESPR IV rank ESPR options flow