Tyra Biosciences Inc (TYRA) Straddle

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

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

Tyra Biosciences, Inc., a preclinical-stage biopharmaceutical company, focuses on developing therapies to overcome tumor resistance and enhance outcomes for patients with cancer. Its lead product candidate is TYRA-300, a selective inhibitor of fibroblast growth factor receptor (FGFR)3 for the treatment of muscle invasive bladder cancer. The company is also developing programs targeting FGFR2- intrahepatic cholangiocarcinoma,FGFR3-related achondroplasia, REarranged during transfection kinase, and FGFR4-related cancers. In addition, the company offers SNAP platform which enable rapid structural design through iterative molecular SNAPshots.

Tyra Biosciences, Inc. was incorporated in 2018 and is based in Carlsbad, California.

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