Options/XOMA

XOMA

Options Analysis Report

Market Cap: --

● 2026-07-14$40.17

BEARISH

Analysis: 2026-07-13 EOD data

1Y +15.6%YTD +43.5%7D +0.0%

Options Vol

3,614

30D

Implied Move

±8.6%

IV Rank

66%

XOMA Options Overview

IV is elevated with bearish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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XOMA Gamma Walls

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Value

Is IV priced right?

2.2

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks2/9 checks passed

IV Rank

≤35%

IV Rank 81.4% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.90x — IV premium over HV

Sector Relative≤50%

Sector percentile 61% — above sector median

Term Structure

<1.1x

Front/Back 2.98x — backwardation

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 71.2% — normal range

Spread-Adjusted Value

<80%

Effective IV 161.7% (ATM 71.2% + spread 45.2% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 62.62% (spread 45.23% + slippage 17.39%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 0.00 (vega 0.000 / spread 45.23%) — spread drag

Sentiment

Bullish or bearish?

2.8

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksBearish - Strong signal (Conviction: -19%, Raw: -10%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -19% (bearish) — Raw: -10%

OI Skew Magnitude

≥15%

|OI skew| 64.2% — put-heavy

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -32.1%, OI skew -64.2% — aligned

Conviction Quality

≥2/3 conditions

0-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: +4%, ATM: -100%, OTM: -13% — strong bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 86% — very bearish vs sector

Activity

Unusual activity?

6.8

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks4/9 checks passed

Volume Surge

≥1.5x

Volume 11.7x avg — hot

Turnover Rate

≥15%

Vol/OI 45.3% — high turnover

Strike Concentration

≥60%

Top 3 strikes = 50% — dispersed

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +0.1% (5d) — stable

Sector Relative≥60%

Sector activity percentile 98% — very active vs sector

Trade Quality

≥30%

Large trade volume 31% — institutional presence

Execution Urgency

≥60%

Aggressive execution 44% — patient

Flow Conviction

≥30

Conviction -19 (bearish) — mixed

Liquidity

Can I trade efficiently?

2.9

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 45.2% — wide

Adequate OI

≥10,000

OI 7,975 — thin

Active Volume

≥500

Volume 3,614/day — adequate

Reasonable Cost

≤$0.50

$2.26 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 83% — much wider than sector

Order Book Depth

≥100 contracts

Depth 109.7 contracts (bid:37.0 ask:72.7) — adequate

Execution Quality

<1.0%

Avg slippage 17.39% — poor

Timing

Is now a good time?

6.7

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope +197.6% — backwardation

IV Percentile Clarity

<30 or >70

IV percentile 81% — seller opportunity

Event Detection

≥10pts kink

IV kink 83.0pts — event priced

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 1.00 — favors mixed

Expiration Distribution

≥3 expirations

4 liquid expirations — flexible

Event Risk

≥60% (safe)

caution advised: No earnings detected; CPI in 0d (HIGH)

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -19% @ 60% consistency — unclear

Smart Money Timing

≥40 composite score

Score 61 (ITM 20% + inst 31%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls3.2

bullishIV expensive, bearish flow

Long Puts4.7

bearishIV expensive, bearish flow

Premium Sellers

Cash-Secured Put4.9

bullishIV rich premium, bearish flow

Covered Call6.7

bearishIV rich premium, bearish flow

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.

More on XOMA

XOMA gamma walls XOMA max pain XOMA IV rank XOMA options flow