Clearwater Paper Corp (CLW) Straddle

Trading a CLW straddle lets you take a pure volatility position on Clearwater Paper Corp without committing to a direction. Clearwater Paper Corp'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 CLW straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on CLW 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 Clearwater Paper Corp 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 CLW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Clearwater Paper Corporation manufactures and supplies bleached paperboards, and consumer and parent roll tissues in the United States and internationally. It operates through two segments, Pulp and Paperboard, and Consumer Products. The Pulp and Paperboard segment offers folding cartons, liquid packaging, cups and plates, blister and carded packaging products, top sheet and commercial printing items, and softwood pulp products, as well as custom sheeting, slitting, and cutting of paperboard products. It sells its products to packaging converters, folding carton converters, merchants, and commercial printers.

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