Skye Bioscience Inc (SKYE) Straddle

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

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

Skye Bioscience, Inc., a biopharmaceutical company, discovers, develops, and commercializes cannabinoid-based molecules for the treatment of infectious diseases. The company's lead product candidate is SBI-100, which is in Phase I trials for the treatment of glaucoma and ocular hypertension. It is also developing SBI-200 that is in preclinical trials to treat and manage various eye diseases, including uveitis, dry eye syndrome, macular degeneration and diabetic retinopathy. The company was formerly known as Emerald Bioscience, Inc. and changed its name to Skye Bioscience, Inc. in January 2021. Skye Bioscience, Inc.

was founded in 2012 and is headquartered in San Diego, California.

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