Opus Genetics Inc (IRD) Straddle

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

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

Opus Genetics, Inc., a clinical-stage ophthalmic biopharmaceutical company, focuses on developing and commercializing therapies for the treatment of unmet needs of patients with refractive and retinal eye disorders. The company offers Phentolamine Ophthalmic Solution for reversal of mydriasis, as well as is in Phase III clinical trials for presbyopia and dim light or night vision disturbances. Its lead retinal product candidate is APX3330, a small-molecule inhibitor of reduction oxidation effector factor-1 protein that has completed Phase II clinical trial for the treatment of diabetic retinopathy.

The company also develops APX2009 and APX2014 that are preclinical product candidates for retina indications. The company was formerly known as Ocuphire Pharma, Inc. Opus Genetics, Inc. was founded in 2018 and is headquartered in Farmington Hills, Michigan.

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