Trading a BNL straddle lets you take a pure volatility position on Broadstone Net Lease Inc without committing to a direction. Broadstone Net Lease 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 BNL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BNL 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 Broadstone Net Lease 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 BNL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
BNL is an internally-managed REIT that acquires, owns, and manages primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. The Company utilizes an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting. As of September 30, 2020, BNL's diversified portfolio consisted of 627 properties in 41 U.S. states and one property in Canada across the industrial, healthcare, restaurant, office, and retail property types, with an aggregate gross asset value of approximately $4.0 billion.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BNL straddle is the cleanest expression of that view. Our scanner prices every BNL 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 BNL straddle into a catalyst or short a BNL straddle to harvest decay, the options straddle setups that matter are all in one place.
