Trading a CSTL straddle lets you take a pure volatility position on Castle Biosciences Inc without committing to a direction. Castle Biosciences 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 CSTL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CSTL 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 Castle Biosciences 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 CSTL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Castle Biosciences, Inc., a commercial-stage diagnostics company, focuses to provide diagnostic and prognostic testing services for dermatological cancers. Its lead product is DecisionDx-Melanoma, a multi-gene expression profile (GEP) test to identify the risk of metastasis for patients diagnosed with invasive cutaneous melanoma. The company also offers DecisionDx-UM test, a proprietary GEP test that predicts the risk of metastasis for patients with uveal melanoma, a rare eye cancer; DecisionDx-SCC, a proprietary 40-gene expression profile test that uses an individual patient's tumor biology to predict individual risk of squamous cell carcinoma metastasis for patients with one or more risk factors; and DecisionDx DiffDx-Melanoma and myPath Melanoma, a proprietary GEP test to diagnose suspicious pigmented lesions.
It offers test services through physicians and their patients. The company was founded in 2007 and is headquartered in Friendswood, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CSTL straddle is the cleanest expression of that view. Our scanner prices every CSTL 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 CSTL straddle into a catalyst or short a CSTL straddle to harvest decay, the options straddle setups that matter are all in one place.
