ROIVRoivant Sciences Ltd. Common Shares
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $21.6B|NASDAQ
● 2026-06-12$30.04
NEUTRAL
Analysis: 2026-06-11 EOD data
1Y +171.1%YTD +37.0%7D +5.4%
Options Vol
44
30D
Implied Move
±8.6%
IV Rank
43%
ROIV Options Overview
Mixed signals. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
6.0
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks5/9 checks passed
IV Rank
≤35%IV Rank 65.3% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 0.78x — IV ≤ HV
Sector Relative≤50%
Sector percentile 38% — below sector median
Term Structure
<1.1xFront/Back 1.06x — backwardation
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 49.5% — normal range
Spread-Adjusted Value
<80%Effective IV 162.0% (ATM 49.5% + spread 56.2% + bias) — expensive
Execution Efficiency
<3.0%Total drag 78.24% (spread 56.23% + slippage 22.01%) — high friction
Vega Efficiency
≥5.0Vega efficiency 1.59 (vega 8.919 / spread 56.23%) — spread drag
Sentiment
Bullish or bearish?
4.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bearish - Strong signal (Conviction: -62%, Raw: -71%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: -62% (strong bearish) — Raw: -71%
OI Skew Magnitude
≥15%|OI skew| 23.4% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +63.6%, OI skew +23.4% — aligned
Conviction Quality
≥2/3 conditions0-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: +100%, ATM: -100%, OTM: -72% — bullish (ITM/ATM divergent)
Sector Relative≤40% or ≥60%
Sector P/C percentile 36% — bullish vs sector
Activity
Unusual activity?
2.4
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.1x avg — normal
Turnover Rate
≥15%Vol/OI 0.1% — 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 +0.0% (5d) — stable
Sector Relative≥60%
Sector activity percentile 8% — quiet vs sector
Trade Quality
≥30%Large trade volume 0% — mostly retail
Execution Urgency
≥60%Aggressive execution 22% — patient
Flow Conviction
≥30Conviction -62 (bearish) — strong conviction
Liquidity
Can I trade efficiently?
2.6
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks2/8 checks passed
Tradeable Spread
≤5.0%Spread 56.2% — wide
Adequate OI
≥10,000OI 43,477 — adequate
Active Volume
≥500Volume 44/day — thin
Reasonable Cost
≤$0.50$2.81 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 76% — wider than sector
Order Book Depth
≥100 contractsDepth 157.1 contracts (bid:46.8 ask:110.3) — adequate
Execution Quality
<1.0%Avg slippage 22.01% — poor
Timing
Is now a good time?
7.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks6/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope +6.3% — backwardation
IV Percentile Clarity
<30 or >70IV percentile 65% — neutral
Event Detection
≥10pts kinkIV kink 7.0pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 743.22 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)acceptable: No earnings detected; FOMC in 5d
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow -62% @ 81% consistency — STRONG directional (bearish)
Smart Money Timing
≥40 composite scoreScore 30 (ITM 20% + inst 0%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls5.1
bullishIV fair, mixed flow
Long Puts5.5
bearishIV fair, mixed flow
Premium Sellers
Cash-Secured Put4.3
bullishIV fair, mixed flow
Covered Call4.8
bearishIV fair, mixed flow
For educational purposes only. Not investment advice.