IMVTImmunovant, Inc. Common Stock
Options Analysis Report•BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
Market Cap $5.9B|NASDAQ
● 2026-05-15$28.96
VERY BULLISH
Analysis: 2026-05-14 EOD data
1Y +108.0%YTD +11.8%7D +0.1%
Options Vol
4,279
30D
Implied Move
±8.6%
IV Rank
99%
IMVT Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.1
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 93.5% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 2.13x — IV premium over HV
Sector Relative≤50%
Sector percentile 80% — above sector median
Term Structure
<1.1xFront/Back 0.81x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 109.3% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 173.6% (ATM 109.3% + spread 32.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 53.60% (spread 32.17% + slippage 21.43%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.66 (vega 8.556 / spread 32.17%) — spread drag
Sentiment
Bullish or bearish?
9.8
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +98%, Raw: +98%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +98% (strong bullish) — Raw: +98%
OI Skew Magnitude
≥15%|OI skew| 70.7% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +29.7%, OI skew +70.7% — aligned
Conviction Quality
≥2/3 conditions0-DTE 95%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +60%, ATM: +100%, OTM: +99% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 52% — neutral vs sector
Activity
Unusual activity?
6.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks5/9 checks passed
Volume Surge
≥1.5xVolume 3.1x avg — hot
Turnover Rate
≥15%Vol/OI 10.9% — 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 -0.8% (5d) — stable
Sector Relative≥60%
Sector activity percentile 90% — very active vs sector
Trade Quality
≥30%Large trade volume 51% — heavy institutional
Execution Urgency
≥60%Aggressive execution 82% — highly urgent
Flow Conviction
≥30Conviction +98 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.0
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 32.2% — wide
Adequate OI
≥10,000OI 39,404 — adequate
Active Volume
≥500Volume 4,279/day — adequate
Reasonable Cost
≤$0.50$1.61 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 92% — much wider than sector
Order Book Depth
≥100 contractsDepth 81.1 contracts (bid:36.0 ask:45.1) — thin
Execution Quality
<1.0%Avg slippage 21.43% — poor
Timing
Is now a good time?
7.8
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks8/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -19.1% — contango
IV Percentile Clarity
<30 or >70IV percentile 94% — seller opportunity
Event Detection
≥10pts kinkIV kink -17.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 450.34 — 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 +98% @ 99% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 81 (ITM 20% + inst 51%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls5.4
bullishIV expensive, bullish flow
Long Puts2.1
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put8.1
bullishIV rich premium, bullish flow
Covered Call4.5
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.