Armata Pharmaceuticals Inc (ARMP) Straddle

Trading a ARMP straddle lets you take a pure volatility position on Armata Pharmaceuticals Inc without committing to a direction. Armata Pharmaceuticals Inc's straddle involves buying (or selling) a call and a put at the same strike and expiration, profiting when the stock moves more (or less) than the combined premium implies. Use our scanner to evaluate ARMP straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ARMP profits from large moves in either direction and is a classic play into binary events like earnings, product announcements, or macro releases. A short straddle profits when Armata Pharmaceuticals Inc stays range-bound and implied volatility contracts. The breakeven points are simple: strike plus total premium on the upside, strike minus total premium on the downside. Comparing the ARMP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Armata Pharmaceuticals, Inc., a clinical-stage biotechnology company, focuses on the development of targeted bacteriophage therapeutics for antibiotic-resistant infections worldwide. It develops its products using its proprietary bacteriophage-based technology. The company's product candidates include AP-SA02 for the treatment of Staphylococcus aureus bacteremia; AP-PA02 for Pseudomonas aeruginosa; and AP-PA03 for the treatment of pneumonia. It has a partnership agreement with Merck & Co. for developing synthetic bacteriophage candidates to target undisclosed infectious disease agents. The company is headquartered in Marina del Rey, California.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the ARMP straddle is the cleanest expression of that view. Our scanner prices every ARMP straddle against historical realized moves, flags expirations where the market is overpaying or underpaying for vol, and ranks setups by breakeven width and IV rank. Whether you're long a ARMP straddle into a catalyst or short a ARMP straddle to harvest decay, the options straddle setups that matter are all in one place.