Prelude Therapeutics Inc (PRLD) Straddle

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

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

Prelude Therapeutics Incorporated, a clinical-stage precision oncology company, focuses on the discovery and development of novel precision cancer medicines to underserved patients. It is developing PRT543 that is in Phase 1 clinical trials in select solid tumors and myeloid malignancies; and PRT811, which is in Phase 1 clinical trials in solid tumors, including glioblastoma multiforme. The company is also developing PRT1419, a potent and selective inhibitor of the anti-apoptotic protein; PRT2527, a potent inhibitor of CDK9 that exhibits high kinome selectivity; PRT-SCA2, which is in preclinical stage for multiple genomically selected cancers; PRT3645, a brain penetrant molecule that potently and selectively targets CDK4/6; and PRT-K4 that is in preclinical stage for solid tumors.

The company was incorporated in 2016 and is headquartered in Wilmington, Delaware.

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