Trading a CORT straddle lets you take a pure volatility position on Corcept Therapeutics Inc without committing to a direction. Corcept Therapeutics 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 CORT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CORT 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 Corcept Therapeutics 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 CORT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Corcept Therapeutics Incorporated discovers, develops, and commercializes drugs for the treatment of severe metabolic, oncologic, and neuropsychiatric disorders in the United States. The company offers Korlym (mifepristone) tablets as a once-daily oral medication for the treatment of hyperglycemia secondary to hypercortisolism in adult patients with endogenous Cushing's syndrome, who have type 2 diabetes mellitus or glucose intolerance, and have failed surgery or are not candidates for surgery. It is developing relacorilant to treat patients with Cushing's syndrome; and nab-paclitaxel in combination with relacorilant, which has completed Phase II clinical trial to treat patients with advanced ovarian tumors, as well as for the treatment of cortisol excess.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CORT straddle is the cleanest expression of that view. Our scanner prices every CORT 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 CORT straddle into a catalyst or short a CORT straddle to harvest decay, the options straddle setups that matter are all in one place.
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