MLYSMineralys Therapeutics, Inc. Common Stock
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $2.5B|NASDAQ
● 2026-04-17$30.58
BULLISH
Analysis: 2026-04-16 EOD data
1Y +131.0%YTD -14.4%7D +14.9%
Options Vol
434
30D
Implied Move
±30.2%
IV Rank
53%
MLYS Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
1.7
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks1/9 checks passed
IV Rank
≤35%IV Rank 91.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.31x — IV premium over HV
Sector Relative≤50%
Sector percentile 72% — above sector median
Term Structure
<1.1xFront/Back 1.21x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 100.1% — crisis-level IV
Spread-Adjusted Value
<80%Effective IV 166.0% (ATM 100.1% + spread 32.9% + bias) — expensive
Execution Efficiency
<3.0%Total drag 45.22% (spread 32.93% + slippage 12.29%) — high friction
Vega Efficiency
≥5.0Vega efficiency 2.92 (vega 9.608 / spread 32.93%) — spread drag
Sentiment
Bullish or bearish?
7.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Moderate signal (Conviction: +49%, Raw: +42%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +49% (strong bullish) — Raw: +42%
OI Skew Magnitude
≥15%|OI skew| 42.7% — put-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +90.3%, OI skew -42.7% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 60%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +0%, ATM: +47%, OTM: -8% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 14% — very bullish vs sector
Activity
Unusual activity?
3.0
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.5% — 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 +1.5% (5d) — stable
Sector Relative≥60%
Sector activity percentile 21% — below sector avg
Trade Quality
≥30%Large trade volume 35% — institutional presence
Execution Urgency
≥60%Aggressive execution 29% — patient
Flow Conviction
≥30Conviction +49 (bullish) — moderate
Liquidity
Can I trade efficiently?
2.8
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks1/8 checks passed
Tradeable Spread
≤5.0%Spread 32.9% — wide
Adequate OI
≥10,000OI 82,164 — deep
Active Volume
≥500Volume 434/day — thin
Reasonable Cost
≤$0.50$1.65 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 89% — much wider than sector
Order Book Depth
≥100 contractsDepth 45.400000000000006 contracts (bid:20.3 ask:25.1) — thin
Execution Quality
<1.0%Avg slippage 12.29% — poor
Timing
Is now a good time?
8.3
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks9/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +20.8% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 92% — seller opportunity
Event Detection
≥10pts kinkIV kink 10.0pts — event priced
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 593.07 — 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 +49% @ 74% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 65 (ITM 20% + inst 35%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls4.8
bullishIV expensive, bullish flow
Long Puts3.2
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put7.2
bullishIV rich premium, bullish flow
Covered Call5.2
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.