Eledon Pharmaceuticals Inc (ELDN) Straddle

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

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

Eledon Pharmaceuticals, Inc., clinical stage biopharmaceutical company, focuses on developing medicines for the patients living with autoimmune disease and amyotrophic lateral sclerosis (ALS), and requiring an organ or cell-based transplant. Its lead product candidate includes AT-1501, a humanized monoclonal antibody to target CD40 Ligand that is a molecule expressed on the surface of human immune system T cells, which is in Phase 2a clinical trials for the treatment of ALS, and Phase 2 clinical trials in islet cell transplantation for the treatment of type 1 diabetes. The company was formerly known as Novus Therapeutics, Inc.

and changed its name to Eledon Pharmaceuticals, Inc. in January 2021. Eledon Pharmaceuticals, Inc. is headquartered in Irvine, California.

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