Trading a NRXP straddle lets you take a pure volatility position on NRX Pharmaceuticals Inc without committing to a direction. NRX 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 NRXP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NRXP 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 NRX 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 NRXP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
NRX Pharmaceuticals, Inc., a clinical-stage pharmaceutical company, develops novel therapeutics for the treatment of central nervous system disorders and life-threatening pulmonary diseases. Its products include ZYESAMI, an investigational drug that has completed a Phase IIb/III clinical study for COVID-19 related respiratory failure; and NRX-100 and NRX-101 oral therapeutics for the treatment of bipolar depression in patients with acute suicidal behavior/ideation and sub-acute suicidal ideation and behavior. The company was founded in 2015 and is based in Wilmington, Delaware.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NRXP straddle is the cleanest expression of that view. Our scanner prices every NRXP 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 NRXP straddle into a catalyst or short a NRXP straddle to harvest decay, the options straddle setups that matter are all in one place.
