Bit Digital Inc (BTBT) Straddle

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

A long straddle on BTBT 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 Bit Digital 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 BTBT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Bit Digital, Inc., together with its subsidiaries, engages in the bitcoin mining business. It is also involved in the treasury management activities. The company was formerly known as Golden Bull Limited and changed its name to Bit Digital, Inc. in September 2020. Bit Digital, Inc. was incorporated in 2017 and is headquartered in New York, New York.

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