Best Options Strategy for BDTX
Looking for the best options strategy for Black Diamond Therapeutics, Inc. (BDTX)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live BDTX option chain right now, and a simple map from your view on BDTX to the strategy that fits it. Model any of them in the calculator before you trade.
About BDTX
Black Diamond Therapeutics, Inc. (BDTX) is a major company in Biotechnology. Options traders on BDTX tend to watch , since these can drive large moves in the share price.
About Black Diamond Therapeutics, Inc.
Black Diamond Therapeutics is a clinical-stage oncology company developing targeted therapies designed for tumors driven by specific genetic mutations. The company's pipeline centers on its MasterKey inhibitor platform, which aims to address hard-to-treat cancers with precision. Silevertinib, its most advanced candidate, crosses the blood-brain barrier and targets mutated EGFR; it is being tested in Phase 2 trials for EGFR-mutant lung cancer and glioblastoma. The company is also advancing BDTX-4933, a brain-penetrant RAF inhibitor in Phase 1 testing for solid tumors carrying KRAS, NRAS, or BRAF mutations. Additionally, BDTX-4876, which selectively targets oncogenic FGFR2 and FGFR3 mutations, remains in preclinical development.
Black Diamond generates value by advancing these drug candidates through the clinical trial process, with the ultimate goal of commercializing approved therapies. The company operates in the oncology market, which encompasses treatment options for genetically defined cancer subtypes. Founded in 2014 and based in Cambridge, Massachusetts, Black Diamond was previously known as ASET Therapeutics before rebranding in January 2018. As a clinical-stage…
Today's top-scoring strategy for BDTX
Our engine ranks defined-risk strategies on the live BDTX chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.
| Action | Qty | Type | Strike | Premium |
|---|---|---|---|---|
| Buy | 1× | CALL | $95 | $6.83 |
| Sell | 2× | CALL | $100 | $3.82 |
| Buy | 1× | CALL | $105 | $1.87 |
Simulation
Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.
Illustrative example at BDTX's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.
Implied volatility
BDTX typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.
Earnings & IV crush
BDTX's next earnings report is due around August 6, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.
Key figures
- Market cap
- $115M
- Beta (vs market)
- 3.23
- 52-week range
- $1.60–$4.94
- Short interest
- 12.5% of float · 2.2 days to cover
With 12.5% of BDTX's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.
How to choose an options strategy for BDTX
Start with your outlook on BDTX, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:
Bullish
Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.
Long Call → Bull Call Spread →Bearish
Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.
Long Put → Bear Put Spread →Neutral
Sell an iron condor to collect premium while BDTX stays between two strikes, or write a covered call against shares you already own.
Iron Condor → Covered Call →How we pick the best strategy
For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →
Open BDTX in the free calculator →
Frequently asked questions
What is the best options strategy for BDTX?
It depends on your outlook. Bullish traders often use a long call or bull call spread on BDTX; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.
Are BDTX options liquid enough to trade?
Black Diamond Therapeutics, Inc. (BDTX) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.
How much money do I need to trade BDTX options?
Buying a single BDTX call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.
Is this financial advice?
No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade BDTX or any security. Do your own research.
What does Black Diamond Therapeutics, Inc. do?
Black Diamond Therapeutics, Inc. (BDTX) operates in the Biotechnology industry. The "About Black Diamond Therapeutics, Inc." section above gives a fuller picture of what the company does and how it earns money.
Does Black Diamond Therapeutics, Inc. pay a dividend?
Black Diamond Therapeutics, Inc. does not currently pay a dividend, so there is no ex-dividend assignment risk to plan around for options strategies.
When does Black Diamond Therapeutics, Inc. next report earnings?
Black Diamond Therapeutics, Inc.'s next earnings are expected around August 6, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.
Tickers related to BDTX
Comparing BDTX with similar names can help you choose the best options strategy:
Company information
- Headquarters
- 245 First Street, 18th Floor, Cambridge, MA, 02142, United States
- Industry
- Biotechnology
- Employees
- 21
- CEO
- Dr. Mark A. Velleca M.D., Ph.D.
- Phone
- 617 252 0848
- Website
- www.blackdiamondtherapeutics.com
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