AInvestOption Pilot Program
Options/IOVA
IOVA logo

IOVAIovance Biotherapeutics, Inc. Common Stock

Options Analysis Report•BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)
Market Cap $3.7B|NASDAQ
● 2026-08-28$8.26
NEUTRAL
Analysis: 2026-08-27 EOD data
1Y +270.4%YTD +227.8%7D -0.4%
7,876
30D
±30.9%
18%

IOVA Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

5.2VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Balanced conditions with no clear edge

Learn
Loading score history...

IOVA Gamma Walls

Loading gamma walls...

Value

Is IV priced right?

6.7
ExpensiveCheap

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

levels.

Risk Checks6/9 checks passed
≤35%

IV Rank 50.0% — elevated vs history

<1.05x

IV/HV 1.00x — IV ≤ HV

Sector Relative≤50%

Sector percentile 50% — below sector median

<1.1x

Front/Back 0.95x — contango

<1.25x

Put/Call IV 1.00x — normal

<80%

ATM IV 0.0% — normal range

<80%

Effective IV 49.5% (ATM 0.0% + spread 24.8% + bias) — excellent value

<3.0%

Total drag 29.18% (spread 24.75% + slippage 4.43%) — high friction

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 24.75%) — spread drag

Sentiment

Bullish or bearish?

5.2
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: +10%, Raw: +16%)
|net sentiment| ≥25%

Conviction-weighted: +10% (neutral) — Raw: +16%

≥15%

|OI skew| 37.9% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -11.1%, OI skew +37.9% — divergent (opposite)

≥2/3 conditions

0-DTE 17%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: -29%, ATM: -55%, OTM: +29% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 80% — very bearish vs sector

Activity

Unusual activity?

3.4
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.4x avg — normal

≥15%

Vol/OI 2.3% — normal turnover

≥2 days

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

≥5%

OI change +3.3% (5d) — building

Sector Relative≥60%

Sector activity percentile 59% — neutral vs sector

≥30%

Large trade volume 53% — heavy institutional

≥60%

Aggressive execution 17% — patient

≥30

Conviction +10 (bullish) — mixed

Liquidity

Can I trade efficiently?

4.1
IlliquidLiquid

Evaluates

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

Risk Checks4/8 checks passed
≤5.0%

Spread 24.8% — wide

≥10,000

OI 340,085 — deep

≥500

Volume 7,876/day — active

≤$0.50

$1.24 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 0% — much tighter than sector

≥100 contracts

Depth 480.5 contracts (bid:292.5 ask:188.0) — adequate

<1.0%

Avg slippage 4.43% — poor

Timing

Is now a good time?

6.6
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks4/9 checks passed
|slope| ≥5%

Slope -4.6% — flat/unclear

<30 or >70

IV percentile 50% — neutral

≥10pts kink

IV kink -5.3pts — no clear event

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No earnings detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow +10% @ 55% consistency — unclear

≥40 composite score

Score 83 (ITM 20% + inst 53%) — HIGH institutional

Directional Strategy Fit

Option Buyers
Long Calls5.8
bullishIV cheap, mixed flow
Long Puts5.6
bearishIV cheap, mixed flow
Premium Sellers
Cash-Secured Put4.6
bullishIV too cheap, mixed flow
Covered Call4.5
bearishIV too cheap, mixed flow

For educational purposes only. Not investment advice.