Trading a NVCR straddle lets you take a pure volatility position on NovoCure Ltd without committing to a direction. NovoCure Ltd'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 NVCR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NVCR 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 NovoCure Ltd 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 NVCR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
NovoCure Limited, an oncology company, engages in the development, manufacture, and commercialization of tumor treating fields (TTFields) devices for the treatment of solid tumor cancers in the United States, Europe, the Middle East, Africa, Japan, and Greater China. Its TTFields devices include Optune for the treatment of glioblastoma; and Optune Lua for the treatment of malignant pleural mesothelioma. The company also has ongoing or completed clinical trials investigating TTFields in brain metastases, gastric cancer, glioblastoma, liver cancer, non-small cell lung cancer, pancreatic cancer, and ovarian cancer.
NovoCure Limited was incorporated in 2000 and is headquartered in Saint Helier, Jersey.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NVCR straddle is the cleanest expression of that view. Our scanner prices every NVCR 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 NVCR straddle into a catalyst or short a NVCR straddle to harvest decay, the options straddle setups that matter are all in one place.
