MLTXMoonLake Immunotherapeutics Class A Ordinary Shares
MLTX Options Overview
IV is elevated. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
MLTX Gamma Walls
Value
Is IV priced right?
Measures whether options are cheap, fair, or rich relative to historical and peer
IV Rank 91.5% — elevated vs history
IV/HV 1.60x — IV premium over HV
Sector percentile 77% — above sector median
Front/Back 0.76x — contango
Put/Call IV 1.16x — elevated
ATM IV 76.2% — normal range
Effective IV 167.2% (ATM 76.2% + spread 45.5% + bias) — expensive
Total drag 52.20% (spread 45.49% + slippage 6.71%) — high friction
Vega efficiency 0.48 (vega 2.168 / spread 45.49%) — spread drag
Sentiment
Bullish or bearish?
Analyzes
Conviction-weighted: -80% (strong bearish) — Raw: -62%
|OI skew| 77.8% — call-heavy
Vol skew -9.9%, OI skew +77.8% — divergent (opposite)
0-DTE 0%, far-OTM 15%, avg DTE 30
OI change +0.0% (5d) — stable
ITM: -100%, ATM: -94%, OTM: -4% — strong bearish (ITM/ATM aligned)
Sector P/C percentile 78% — very bearish vs sector
Activity
Unusual activity?
Detects volume surges,
Volume 0.2x avg — normal
Vol/OI 1.1% — normal turnover
1 day(s) elevated — may be one-day event
OI change +10.2% (5d) — building
Sector activity percentile 40% — below sector avg
Large trade volume 48% — institutional presence
Aggressive execution 20% — patient
Conviction -80 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
Evaluates
Spread 45.5% — wide
OI 25,836 — adequate
Volume 273/day — thin
$2.27 to cross — expensive
0 liquid strikes — limited options
Sector spread percentile 90% — much wider than sector
Depth 82.4 contracts (bid:38.6 ask:43.8) — thin
Avg slippage 6.71% — poor
Timing
Is now a good time?
Considers earnings proximity,
Slope -24.3% — contango
IV percentile 92% — seller opportunity
IV kink -12.4pts — no clear event
θ/ν ratio 134.69 — favors income trades
4 liquid expirations — flexible
safe window: No events detected
Spread ratio 1.00x — stable
Flow -80% @ 90% consistency — STRONG directional (bearish)
Score 78 (ITM 20% + inst 48%) — HIGH institutional
Directional Strategy Fit
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.