Trading a MIRM straddle lets you take a pure volatility position on Mirum Pharmaceuticals Inc without committing to a direction. Mirum 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 MIRM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MIRM 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 Mirum 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 MIRM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Mirum Pharmaceuticals, Inc., a biopharmaceutical company, focuses on the development and commercialization of novel therapies for debilitating rare and orphan diseases. The company's lead product candidate is LIVMARLI, an investigational oral drug for the treatment of progressive familial intrahepatic cholestasis disease, as well as for the treatment of Alagille syndrome and biliary atresia disease. It also develops Volixibat drug for treatment of intrahepatic cholestasis of pregnancy and primary sclerosing cholangitis. Mirum Pharmaceuticals, Inc. was incorporated in 2018 and is headquartered in Foster City, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MIRM straddle is the cleanest expression of that view. Our scanner prices every MIRM 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 MIRM straddle into a catalyst or short a MIRM straddle to harvest decay, the options straddle setups that matter are all in one place.
