Enel Chile SA ADR (ENIC) Straddle

Trading a ENIC straddle lets you take a pure volatility position on Enel Chile SA ADR without committing to a direction. Enel Chile SA ADR'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 ENIC straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ENIC 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 Enel Chile SA ADR 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 ENIC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Enel Chile S.A., an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation Business and Distribution Business segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants. As of December 31, 2021, it had 8,054 megawatts of gross installed capacity, as well as distributed electricity to approximately 2.0 million customers with 2,105 square kilometers of transmission lines in 33 municipalities of the Santiago metropolitan region. The company also engages in the sale and transportation of natural gas; and provision of construction works, engineering, and consulting services.

It serves residential, commercial, industrial, governmental, and other customers. The company was formerly known as Enersis Chile S.A. and changed its name to Enel Chile S.A. in October 2016. The company was incorporated in 2016 and is headquartered in Santiago, Chile. Enel Chile S.A. is a subsidiary of Enel S.p.A.

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