Trading a DAC straddle lets you take a pure volatility position on Danaos Corp without committing to a direction. Danaos 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 DAC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on DAC 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 Danaos 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 DAC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Danaos Corporation, together with its subsidiaries, owns and operates containerships in Australia, Asia, Europe, and the United States. The company offers seaborne transportation services, such as chartering its vessels to liner companies. As of February 28, 2022, it had a fleet of 71 containerships aggregating 436,589 twenty-foot equivalent units in capacity. The company was formerly known as Danaos Holdings Limited and changed its name to Danaos Corporation in October 2005. Danaos Corporation was founded in 1963 and is based in Piraeus, Greece.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the DAC straddle is the cleanest expression of that view. Our scanner prices every DAC 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 DAC straddle into a catalyst or short a DAC straddle to harvest decay, the options straddle setups that matter are all in one place.
