Trading a PHAT straddle lets you take a pure volatility position on Phathom Pharmaceuticals Inc without committing to a direction. Phathom 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 PHAT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PHAT 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 Phathom 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 PHAT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Phathom Pharmaceuticals, Inc., a clinical-stage biopharmaceutical company, focuses on developing and commercializing treatments for gastrointestinal diseases. The company has the rights in the United States, Europe, and Canada to vonoprazan, a potassium-competitive acid blocker (P-CAB) that blocks acid secretion in the stomach. It is also developing vonoprazan, which is in Phase III clinical trials for the treatment of erosive gastroesophageal reflux disease; and in combination with antibiotics for the treatment of Helicobacter pylori infection. Phathom Pharmaceuticals, Inc. was incorporated in 2018 and is headquartered in Florham Park, New Jersey.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PHAT straddle is the cleanest expression of that view. Our scanner prices every PHAT 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 PHAT straddle into a catalyst or short a PHAT straddle to harvest decay, the options straddle setups that matter are all in one place.
