Trading a ERAS straddle lets you take a pure volatility position on Erasca Inc without committing to a direction. Erasca 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 ERAS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ERAS 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 Erasca 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 ERAS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Erasca, Inc., a clinical-stage biopharmaceutical company, focuses on discovering, developing, and commercializing therapies for patients with RAS/MAPK pathway-driven cancers. The company's lead candidates include ERAS-007, an oral inhibitor of ERK1/2 for the treatment of non-small cell lung cancer, colorectal cancer, and acute myeloid leukemia; and ERAS-601, an oral SHP2 inhibitor for patients with advanced or metastatic solid tumors. It is also developing ERAS-801, a central nervous system-penetrant EGFR inhibitor for the treatment of patients with recurrent glioblastoma multiforme. The company was incorporated in 2018 and is headquartered in San Diego, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ERAS straddle is the cleanest expression of that view. Our scanner prices every ERAS 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 ERAS straddle into a catalyst or short a ERAS straddle to harvest decay, the options straddle setups that matter are all in one place.
