Cardiol Therapeutics Inc (CRDL) Straddle

Trading a CRDL straddle lets you take a pure volatility position on Cardiol Therapeutics Inc without committing to a direction. Cardiol 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 CRDL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on CRDL 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 Cardiol 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 CRDL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Cardiol Therapeutics Inc., a clinical-stage life sciences company, focuses on the research and development of anti-fibrotic and anti-inflammatory therapies for the treatment of cardiovascular disease (CVD). Its lead product is CardiolRx, which is in Phase II/III multi-national, randomized, double-blind, and placebo-controlled study to evaluate the efficacy and safety of CardiolRx as a cardioprotective therapy to reduce cardiovascular and respiratory events in patients hospitalized with COVID-19, as well as to evaluate the efficacy and safety of CardiolRx in acute myocarditis. The company is also developing subcutaneous formulation of CardiolRx for the treatment of fibrosis and inflammation in the heart that is related with the development and progression of heart failure.

Cardiol Therapeutics Inc. was incorporated in 2017 and is headquartered in Oakville, Canada.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the CRDL straddle is the cleanest expression of that view. Our scanner prices every CRDL 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 CRDL straddle into a catalyst or short a CRDL straddle to harvest decay, the options straddle setups that matter are all in one place.