Trading a LXRX straddle lets you take a pure volatility position on Lexicon Pharmaceuticals Inc without committing to a direction. Lexicon 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 LXRX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on LXRX 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 Lexicon 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 LXRX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Lexicon Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the discovery, development, and commercialization of pharmaceutical products. Its orally-delivered small molecule drug candidates under development comprise Sotagliflozin that completed Phase III clinical trials for the for the treatment of heart failure and type 1 diabetes; and LX9211, which is in Phase II clinical development for the treatment of neuropathic pain. The company has strategic collaboration and license agreements with Bristol-Myers Squibb Company, and Genentech, Inc. Lexicon Pharmaceuticals, Inc. was incorporated in 1995 and is headquartered in The Woodlands, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the LXRX straddle is the cleanest expression of that view. Our scanner prices every LXRX 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 LXRX straddle into a catalyst or short a LXRX straddle to harvest decay, the options straddle setups that matter are all in one place.
