Trading a RPRX straddle lets you take a pure volatility position on Royalty Pharma plc without committing to a direction. Royalty Pharma plc'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 RPRX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RPRX 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 Royalty Pharma plc 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 RPRX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Royalty Pharma plc operates as a buyer of biopharmaceutical royalties and a funder of innovations in the biopharmaceutical industry in the United States. It is also involved in the identification, evaluation, and acquisition of royalties on various biopharmaceutical therapies. In addition, the company collaborates with innovators from academic institutions, research hospitals and not-for-profits, small and mid-cap biotechnology companies, and pharmaceutical companies. Its portfolio consists of royalties on approximately 35 marketed therapies and 10 development-stage product candidates that address various therapeutic areas, such as rare disease, cancer, neurology, infectious disease, hematology, and diabetes.
The company was founded in 1996 and is based in New York, New York.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RPRX straddle is the cleanest expression of that view. Our scanner prices every RPRX 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 RPRX straddle into a catalyst or short a RPRX straddle to harvest decay, the options straddle setups that matter are all in one place.
