Bear Call Spreads on Overbought Stocks
Bear Call Spread24 trades pass on IOVA
- Return on risk
- 2.6% to 42.9%
- Probability of profit
- 65.8% to 96.6%
Iovance Biotherapeutics, Inc. · Healthcare
As of the close on . In the app, data is refreshed intraday.
IOVA closed at $14.23 on Oct 1, 2026 with 30-day implied volatility of 96.9%. That is near the bottom of its one-year range (IV rank 11), so options on IOVA are cheap compared with its own recent history. Measured by IV percentile, IV is higher than 22% of the past year's readings. Options expiring Oct 30 (29 days out) price a one standard deviation move of about $3.70, or 26.0%.
The price is above both its 50-day (+75.9%) and 200-day (+204.6%) moving averages. It is 4.0% below its 52-week high and 686.2% above its 52-week low. The 14-day RSI of 80.0 is over 70, a level often described as overbought. The 14-day average true range is $0.85, about 6.0% of the price, a measure of a typical day's range.
Option volume at the close (18K contracts) was 1.1x its average, close to normal. A beta of 1.26 means IOVA has tended to move about 1.3 times as much as the broad market. 2 of our preset screens found trades on IOVA at the close, led by Bear Call Spreads on Overbought Stocks with 24 trades.
Expected move = price x at-the-money IV x the square root of (days to expiration / 365), a one standard deviation range. The straddle is the at-the-money call plus put, the market's own price for a move. Compare expected moves across stocks.
| Expiration | IV | Expected move | 1 SD range | Straddle |
|---|---|---|---|---|
| Oct 9, 20268 days | 86.3% | ±$1.82 (12.8%) | $12.41 to $16.05 | $1.45 |
| Oct 30, 202629 days | 92.3% | ±$3.70 (26.0%) | $10.53 to $17.93 | $2.93 |
| Nov 20, 202650 days | 101.5% | ±$5.35 (37.6%) | $8.88 to $19.58 | $4.38 |
| Dec 18, 202678 days | 102.6% | ±$6.75 (47.4%) | $7.48 to $20.98 | $5.48 |
Each expiration has its own implied volatility, and short-dated IV reacts more to near-term events, so the nearest expiration can differ a lot from the 30-day figure.
Counts and ranges for IOVA from our preset scans at the last close. Open a preset in the app to see each trade with its strikes, prices, and risk, refreshed intraday. Income strategies show annualized return; the rest show return on risk.
24 trades pass on IOVA
14 trades pass on IOVA
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