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Best Options Strategy for ALNY

Di Dennis Bosmans · Aggiornato 2026-07-22 · 2 min di lettura · Avvertenza sui rischi

Looking for the best options strategy for Alnylam Pharmaceuticals, Inc. (ALNY)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live ALNY option chain right now, and a simple map from your view on ALNY to the strategy that fits it. Model any of them in the calculator before you trade.

About Alnylam Pharmaceuticals, Inc.

# About Alnylam Pharmaceuticals, Inc.

Alnylam develops and sells medicines built on RNA interference technology, a mechanism that silences disease-causing genes. The company has marketed six drugs across multiple therapeutic areas: ONPATTRO and AMVUTTRA for hereditary transthyretin amyloidosis, Leqvio for high cholesterol, Qfitlia for hemophilia, GIVLAARI for acute porphyria, and OXLUMO for primary hyperoxaluria. Beyond these approved treatments, Alnylam maintains an extensive pipeline spanning late-stage development, with Phase 3 candidates addressing amyloidosis, hypertension, myasthenia gravis, and viral hepatitis among others, plus dozens of earlier-stage programs exploring applications in metabolic diseases, neurological disorders, bleeding conditions, and cancer.

Alnylam generates revenue primarily through product sales in the United States, Europe, and international markets. The company also enters strategic partnerships with major pharmaceutical firms—including Regeneron, Roche, Sanofi, and Novartis—which provide funding, co-development resources, and commercialization support. This partnership model helps offset the substantial costs of drug development while expanding…

Today's top-scoring strategy for ALNY

Our engine ranks defined-risk strategies on the live ALNY chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Iron Condor neutral
Price: $264.77Implied volatility: 58%Expiration: 2026-08-21 (29d)
ActionQtyTypeStrikePremium
BuyPUT$200$1.25
SellPUT$240$7.75
SellCALL$280$11.55
BuyCALL$310$4.15
P/L at expiry vs today At expiry Today ±1σ
$134$255$376
Profitto massimo
$1,390
Perdita massima
−$2,610
Credito netto (incassato)
$1,390
Punto/i di pareggio
$226.10, $293.90
Position Greeks
Δ
0.32
Γ
−0.808
Θ
26.04
ν
−26.33
Time decay (price held)
Implied-volatility skew

Simulazione

Simulazione prospettica di 6,000 traiettorie di prezzo lognormali fino alla scadenza — non è un backtest storico.

Percentuale di successo
57%
P/L medio
$59
Mediana
$497
Mov. atteso (1σ)
16%
5° pct
−$2,513
25° pct
−$1,432
75° pct
$1,390
95° pct
$1,390

Analisi della strategia

Traiettorie di prezzo simulate (tempo × prezzo)
now $265BE $226BE $294$199$271$3420d15d29d
$-2561$-610$1341

Greche vs prezzo

Δ — P/L in $ per ogni movimento di $1 del sottostante (esposizione equivalente in azioni).
Θ — P/L in $ al giorno dal decadimento temporale.
ν — P/L in $ per ogni +1% di volatilità implicita.
Γ — quanto velocemente cambia il delta per ogni movimento di $1.

Prezzo × volatilità (oggi)

−30%−15%IV+15%+30%
$331−$1,075−$937−$842−$787−$766
$318−$768−$668−$617−$607−$626
$304−$387−$363−$382−$430−$496
$291$24−$60−$163−$277−$392
$278$380$185−$2−$175−$333
$265$579$303$58−$155−$339
$252$527$235−$21−$239−$425
$238$181−$52−$260−$443−$600
$225−$421−$532−$645−$756−$861
$212−$1,150−$1,122−$1,125−$1,149−$1,186
$199−$1,820−$1,701−$1,618−$1,567−$1,542
Analyze ALNY in the calculator → Share this pick ↗

Live scan from 2026-07-22 · quotes delayed ~15 minutes

Backtest storico: come si sarebbe comportata una Iron Condor su ALNY

Abbiamo simulato in modo approssimativo una Iron Condor su ALNY che avresti aperto ripetutamente nell'ultimo anno (93 ingressi storici, ciascuno mantenuto fino alla scadenza), con i premi d'ingresso modellati tramite Black-Scholes. Ecco come sarebbe andata sulla reale storia dei prezzi di ALNY — un backtest didattico, non una previsione dei rendimenti futuri.

Trade
93
Percentuale di successo
23%
P/L totale
-$959
Rendimento medio sul rischio
-3%
Trade migliore
$631
Trade peggiore
-$301
P/L cumulativo lungo il backtest

In via approssimativa: i premi d'ingresso sono modellati con Black-Scholes sulla base della volatilità realizzata trailing, mantenuti fino alla scadenza e regolati contro il reale prezzo di chiusura storico. Fill reali, volatilità implicita e slippage differiscono — consideralo come contesto indicativo, non come rendimento esatto.

Implied volatility

ALNY is currently trading with high implied volatility, which makes its options expensive — and attractive to sell. On the options we scanned that was around 58% implied volatility, and higher implied volatility means richer premiums and wider expected moves.

Options on ALNY currently price in about 58% implied volatility, versus roughly 37% the stock has actually realised over the past month. That makes options relatively expensive — an edge for strategies that sell premium, such as credit spreads and iron condors.

Off that volatility, the options market is pricing a move of about ±$43,44 (±16%) in ALNY by 2026-08-21 — a range of roughly $221 to $308. Strikes inside that band hold most of the premium and see most of the action.

Across strikes, puts and calls on ALNY carry a fairly symmetric implied volatility — no strong directional fear is priced in either way.

In evidenza dalla option chain di ALNY: open interest, volume e skew

La option chain live di ALNY mostra un rapporto put/call sull'open interest di 0.79 (balanced), con una volatilità implicita at-the-money intorno al 58.8%. L'open interest si concentra sulla call a 280 — un classico "muro" di resistenza — e sulla put a 260, un "muro" di supporto: esattamente gli strike a cui gli scrittori di opzioni sono più esposti verso la scadenza.

Put/Call OI
0.79
Volume Put/Call
0.35
ATM IV
58.8%
Skew IV put–call
+2
Muro OI call
$280 · 465
Muro OI put
$260 · 146
Call più attiva
$280 · 466
Put più attiva
$290 · 167
Strike più attivi (volume)
$195$260$330
Calls   Puts

Istantanea di open interest, volume e volatilità implicita per la scadenza scansionata più vicina — contesto, non un segnale di trading.

Insider trading su ALNY (SEC Form 4)

Operazioni degli insider sul mercato aperto relative a ALNY negli ultimi sei mesi circa, tratte dalle comunicazioni SEC Form 4. Gli acquisti sul mercato aperto sono il segnale più raro e più forte — le vendite di routine effettuate nell'ambito di piani prestabiliti sono frequenti, quindi leggi un dato di vendita netta tenendolo presente.

Acquisti sul mercato aperto
0 · —
Vendite sul mercato aperto
136 · $19.5M
Netto (acquisti − vendite)
−$19.5M
InsiderAzioneAzioniValoreData
PYOTT DAVID E IVendita17$5K2026-06-01
PYOTT DAVID E IVendita495$149K2026-06-01
PYOTT DAVID E IVendita1222$366K2026-06-01
PYOTT DAVID E IVendita1175$351K2026-06-01
PYOTT DAVID E IVendita921$274K2026-06-01
McLaughlin MelissaVendita199$66K2026-04-06

Fonte: comunicazioni SEC Form 4 tramite Finnhub. Solo acquisti (P) e vendite (S) sul mercato aperto — assegnazioni, esercizi di opzioni, donazioni e ritenute fiscali sono esclusi. Contesto informativo, non consulenza sugli investimenti.

Liquidity and tradeability

ALNY options are reasonably liquid, with bid-ask spreads around 13,5% near the money. Defined-risk spreads and condors are workable; use limit orders and watch the fill on wider multi-leg trades.

Earnings & IV crush

ALNY's next earnings report is due around 30 luglio 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.

With earnings roughly 8 days out, ALNY's 58% implied volatility is inflated by event premium — and it usually collapses the moment results drop ("IV crush"). That rewards defined-risk premium sellers when the move stays muted, and punishes option buyers who paid the inflated price. Keep size small and risk defined through the report.

Key figures

Market cap
$35.6B
Beta (vs market)
0.27
52-week range
$264.23–$495.55 (0% up the range)
Short interest
5.8% of float · 4.6 days to cover

How to choose an options strategy for ALNY

Start with your outlook on ALNY, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect ALNY to rise

Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.

Long Call → Bull Call Spread →

Bearish

You expect ALNY to fall

Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.

Long Put → Bear Put Spread →

Neutral

You expect ALNY to trade in a range

Sell an iron condor to collect premium while ALNY stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

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How we pick the best strategy

For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →

Open ALNY in the free calculator →

Domande frequenti

What is the best options strategy for ALNY?

It depends on your outlook. Bullish traders often use a long call or bull call spread on ALNY; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.

Are ALNY options liquid enough to trade?

Alnylam Pharmaceuticals, Inc. (ALNY) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.

How much money do I need to trade ALNY options?

Buying a single ALNY call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.

Is this financial advice?

No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade ALNY or any security. Do your own research.

Cosa fa Alnylam Pharmaceuticals, Inc.?

Alnylam Pharmaceuticals, Inc. (ALNY) opera nel settore Biotechnology. La sezione "Informazioni su Alnylam Pharmaceuticals, Inc." qui sopra offre un quadro più completo di ciò che fa l'azienda e di come genera profitti.

Alnylam Pharmaceuticals, Inc. paga dividendi?

Qui non mostriamo un rendimento da dividendo confermato per Alnylam Pharmaceuticals, Inc., quindi consideralo incerto: prima di scrivere delle call controlla il dividendo attuale e la data di stacco cedola (ex-dividend) presso il tuo broker — una data di stacco imminente può innescare un'assegnazione anticipata sulle call scritte in-the-money.

Quando Alnylam Pharmaceuticals, Inc. pubblica gli utili?

I prossimi utili di Alnylam Pharmaceuticals, Inc. sono attesi intorno al 30 luglio 2026. La volatilità implicita di solito sale in avvicinamento alla pubblicazione e crolla bruscamente dopo (IV crush) — un aspetto importante per qualsiasi posizione in opzioni che mantieni oltre quella data.

Tickers related to ALNY

Comparing ALNY with similar names can help you choose the best options strategy:

IONSIonis Pharmaceuticals, Inc.

Informazioni sull’azienda

Sede
675 West Kendall Street, Henri A. Termeer Square, Cambridge, MA, 02142, United States
Settore
Biotechnology
Dipendenti
2500
CEO
Dr. Yvonne L. Greenstreet M.B.A., M.D.
Telefono
617 551 8200
Sito web
www.alnylam.com

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