VTRSViatris Inc. Common Stock
Options Analysis Report•PHARMACEUTICAL PREPARATIONS
Market Cap $17.1B|NASDAQ
● 2026-04-17$14.68
BULLISH
Analysis: 2026-04-16 EOD data
1Y +93.9%YTD +17.8%7D +9.0%
Options Vol
1,022
30D
Implied Move
±10.9%
IV Rank
69%
VTRS Options Overview
IV is elevated with bullish flow. Conditions favor premium sellers.
REWARDS
RISK ANALYSIS
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Value
Is IV priced right?
2.3
ExpensiveCheap
Measures whether options are cheap, fair, or rich relative to historical and peer
IV
levels.Risk Checks3/9 checks passed
IV Rank
≤35%IV Rank 79.4% — elevated vs history
IV/HV Ratio
<1.05xIV/HV 1.67x — IV premium over HV
Sector Relative≤50%
Sector percentile 77% — above sector median
Term Structure
<1.1xFront/Back 0.91x — contango
Skew Normal
<1.25xPut/Call IV 1.16x — elevated
Absolute IV
<80%ATM IV 47.0% — normal range
Spread-Adjusted Value
<80%Effective IV 105.6% (ATM 47.0% + spread 29.3% + bias) — expensive
Execution Efficiency
<3.0%Total drag 39.38% (spread 29.30% + slippage 10.08%) — high friction
Vega Efficiency
≥5.0Vega efficiency 0.78 (vega 2.295 / spread 29.30%) — spread drag
Sentiment
Bullish or bearish?
6.4
BearishBullish
Analyzes
put/call ratios
, open interest skew
, and flow direction to determine market bias.Risk ChecksVery Bullish - Strong signal (Conviction: +53%, Raw: +53%)
Flow Direction
|net sentiment| ≥25%Conviction-weighted: +53% (strong bullish) — Raw: +53%
OI Skew Magnitude
≥15%|OI skew| 75.3% — call-heavy
Volume-OI Alignment
Same sign, |vol skew| ≥10%Vol skew -9.4%, OI skew +75.3% — divergent (opposite)
Conviction Quality
≥2/3 conditions0-DTE 18%, far-OTM 15%, avg DTE 30
OI Momentum
|change| ≥3%OI change +0.0% (5d) — stable
Smart Money Flow
|weighted flow| ≥20%ITM: +57%, ATM: +49%, OTM: +60% — strong bullish (ITM/ATM aligned)
Sector Relative≤40% or ≥60%
Sector P/C percentile 63% — bearish vs sector
Activity
Unusual activity?
2.8
QuietActive
Detects volume surges,
block trades
, and unusual options activity that may signal moves.Risk Checks1/9 checks passed
Volume Surge
≥1.5xVolume 0.7x 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 +1.7% (5d) — stable
Sector Relative≥60%
Sector activity percentile 8% — quiet vs sector
Trade Quality
≥30%Large trade volume 10% — mostly retail
Execution Urgency
≥60%Aggressive execution 36% — patient
Flow Conviction
≥30Conviction +53 (bullish) — strong conviction
Liquidity
Can I trade efficiently?
3.1
IlliquidLiquid
Evaluates
bid-ask spreads
, volume depth, and open interest for trade execution quality.Risk Checks3/8 checks passed
Tradeable Spread
≤5.0%Spread 29.3% — wide
Adequate OI
≥10,000OI 184,938 — deep
Active Volume
≥500Volume 1,022/day — adequate
Reasonable Cost
≤$0.50$1.46 to cross — expensive
Strike Coverage
≥5 strikes0 liquid strikes — limited options
Sector Relative≤40%
Sector spread percentile 78% — wider than sector
Order Book Depth
≥100 contractsDepth 510.79999999999995 contracts (bid:381.9 ask:128.9) — deep
Execution Quality
<1.0%Avg slippage 10.08% — poor
Timing
Is now a good time?
8.0
RiskyFavorable
Considers earnings proximity,
time decay
, and event calendar for optimal entry timing.Risk Checks7/9 checks passed
Term Structure Clarity
|slope| ≥5%Slope -9.3% — contango
IV Percentile Clarity
<30 or >70IV percentile 79% — seller opportunity
Event Detection
≥10pts kinkIV kink -7.1pts — no clear event
Theta/Vega Clarity
<0.5 or >2.0θ/ν ratio 201.33 — favors income trades
Expiration Distribution
≥3 expirations3 liquid expirations — flexible
Event Risk
≥60% (safe)safe window: Earnings in 20d (low risk)
Spread Momentum
<1.2 ratioSpread ratio 1.00x — stable
Flow Momentum
≥25% strength + ≥50% consistencyFlow +53% @ 76% consistency — STRONG directional (bullish)
Smart Money Timing
≥40 composite scoreScore 40 (ITM 20% + inst 10%) — retail dominated
Directional Strategy Fit
Option Buyers
Long Calls4.7
bullishIV expensive, bullish flow
Long Puts3.7
bearishIV expensive, bullish flow
Premium Sellers
Cash-Secured Put6.7
bullishIV rich premium, bullish flow
Covered Call5.4
bearishIV rich premium, bullish flow
For educational purposes only. Not investment advice.