Trading a CMPS straddle lets you take a pure volatility position on Compass Pathways Plc ADR without committing to a direction. Compass Pathways Plc ADR'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 CMPS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CMPS 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 Compass Pathways Plc ADR 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 CMPS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
COMPASS Pathways plc operates as a mental health care company primarily in the United Kingdom and the United States. It develops COMP360, a psilocybin therapy that has completed Phase IIb clinical trials for the treatment of treatment-resistant depression; and is in Phase II clinical trials for the treatment of post-traumatic stress disorder. The company was formerly known as COMPASS Rx Limited and changed its name to COMPASS Pathways plc in August 2020. COMPASS Pathways plc was incorporated in 2020 and is headquartered in London, the United Kingdom.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CMPS straddle is the cleanest expression of that view. Our scanner prices every CMPS 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 CMPS straddle into a catalyst or short a CMPS straddle to harvest decay, the options straddle setups that matter are all in one place.
