Trading a CENX straddle lets you take a pure volatility position on Century Aluminum Co without committing to a direction. Century Aluminum Co'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 CENX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CENX 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 Century Aluminum Co 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 CENX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Century Aluminum Company, together with its subsidiaries, produces standard-grade and value-added primary aluminum products in the United States and Iceland. It also owns and operates a carbon anode production facility in the Netherlands. The company was incorporated in 1981 and is headquartered in Chicago, Illinois.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CENX straddle is the cleanest expression of that view. Our scanner prices every CENX 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 CENX straddle into a catalyst or short a CENX straddle to harvest decay, the options straddle setups that matter are all in one place.
