Ovid Therapeutics Inc (OVID) Straddle

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

A long straddle on OVID 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 Ovid Therapeutics 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 OVID straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Ovid Therapeutics Inc., a biopharmaceutical company, develops impactful medicines for patients and families with neurological disorders in the United States. The company is developing OV101, a drug candidate, which is in Phase 2A clinical trials for the treatment of fragile X syndrome; OV329, a GABA aminotransferase inhibitor for the treatment of seizures associated with tuberous sclerosis complex and infantile spasms; and OV350, a small molecule for treating epilepsies. It also develops OV882, a short hairpin RNA gene therapy for the treatment of angelman syndrome; and OV815 for the treatment of kinesin-family of proteins associated neurological disorder.

The company has license and collaboration agreements with Healx, AstraZeneca AB, H. Lundbeck A/S, and Northwestern University, as well as Marinus Pharmaceuticals, Inc. The company was incorporated in 2014 and is headquartered in New York, New York.

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