Sequans Communications S.A ADR (SQNS) Straddle

Trading a SQNS straddle lets you take a pure volatility position on Sequans Communications S.A ADR without committing to a direction. Sequans Communications S.A ADR'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 SQNS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SQNS 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 Sequans Communications S.A ADR 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 SQNS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Sequans Communications S.A., together with its subsidiaries, engages in the fabless designing, developing, and supplying of cellular semiconductor solutions for massive and broadband internet of things markets. It offers baseband solutions for use in encoding and decoding data based on 4G and 5G protocols for wireless processing platform for a cellular device; RF transceivers used to transmit and receive wireless transmissions; highly integrated system-on-chip solutions that combine various functions into a single die or package; and LTE modules. The company also provides software, including tools to enable manufacturers to integrate solutions into their devices; and design support services.

It serves OEMs and ODMs customers, as well as 4G and 5G wireless carriers. The company operates in China, Taiwan, the rest of Asia, Germany, the United States, and internationally. Sequans Communications S.A. was incorporated in 2003 and is headquartered in Paris, France.

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