TVTXTravere Therapeutics, Inc. Common Stock
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $4.4B|NASDAQ
● 2026-06-09$47.08
VERY BULLISH
Analysis: 2026-06-08 EOD data
1Y +215.8%YTD +19.1%7D +9.6%
Options Vol
346
30D
Implied Move
±17.4%
IV Rank
16%
TVTX Options Overview
IV is elevated with bullish flow. No clear edge detected.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
5.5
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks4/9 checks passed
IV Rank
≤35%IV Rank 80.6% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.30x — IV premium over HV
Sector Relative≤50%
Sector percentile 57% — above sector median
Term Structure
<1.1xFront/Back 0.87x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 65.2% — normal range
Spread-Adjusted Value
<80%Effective IV 105.5% (ATM 65.2% + spread 20.1% + bias) — expensive
Execution Efficiency
<3.0%Total drag 27.31% (spread 20.13% + slippage 7.18%) — high friction
Vega Efficiency
≥5.0Vega efficiency 10.47 (vega 21.085 / spread 20.13%) — efficient
Sentiment
Bullish or bearish?
9.3
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +83%, Raw: +78%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +83% (strong bullish) — Raw: +78%
OI Skew Magnitude
≥15%|OI skew| 8.0% — balanced
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew +95.4%, OI skew +8.0% — 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: +25%, ATM: +96%, OTM: +80% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 7% — very bullish vs sector
Activity
Unusual activity?
3.7
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks2/9 checks passed
Volume Surge
≥1.5xVolume 0.5x avg — normal
Turnover Rate
≥15%Vol/OI 1.3% — 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 +2.9% (5d) — building
Sector Relative≥60%
Sector activity percentile 50% — neutral vs sector
Trade Quality
≥30%Large trade volume 57% — heavy institutional
Execution Urgency
≥60%Aggressive execution 39% — patient
Flow Conviction
≥30Conviction +83 (bullish) — strong conviction
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 20.1% — wide
Adequate OI
≥10,000OI 25,935 — adequate
Active Volume
≥500Volume 346/day — thin
Reasonable Cost
≤$0.50$1.01 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 83% — much wider than sector
Order Book Depth
≥100 contractsDepth 93.19999999999999 contracts (bid:65.6 ask:27.6) — thin
Execution Quality
<1.0%Avg slippage 7.18% — poor
Timing
Is now a good time?
7.1
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -12.9% — contango
IV Percentile Clarity
<30 or >70IV percentile 81% — seller opportunity
Event Detection
≥10pts kinkIV kink -1.6pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 1506.08 — favors income trades
Expiration Distribution
≥3 expirations4 liquid expirations — flexible
Event Risk
≥60% (safe)caution advised: No earnings detected; CPI in 1d (HIGH)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +83% @ 92% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 87 (ITM 20% + inst 57%) — HIGH institutional
Directional Strategy Fit
Option Buyers
Long Calls6.7
bullishIV fair, bullish flow
Long Puts3.7
bearishIV fair, bullish flow
Premium Sellers
Cash-Secured Put5.7
bullishIV fair, bullish flow
Covered Call3.2
bearishIV fair, bullish flow
For educational purposes only. Not investment advice.