iPath Select MLP ETN (ATMP) Straddle

Trading a ATMP straddle lets you take a pure volatility position on iPath Select MLP ETN without committing to a direction. iPath Select MLP ETN'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 ATMP straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ATMP 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 iPath Select MLP ETN 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 ATMP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The iPath Select MLP ETNs are linked to the performance of the Volume-Weighting Average Price level of the CIBC Atlas Select MLP Index. The ETNs are unsecured debt obligations of Barclays Bank PLC and have no principal protection. They provide exposure to a basket of midstream U.S. and Canadian master limited partnerships, limited liability companies, and corporations in the Energy and Gas Utilities sectors.

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