Trading a ES straddle lets you take a pure volatility position on Eversource Energy without committing to a direction. Eversource Energy'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 ES straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ES 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 Eversource Energy 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 ES straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas. The company operates regulated water utilities that provide water services to approximately 226,000 customers. It serves residential, commercial, industrial, municipal and fire protection, and other customers in Connecticut, Massachusetts, and New Hampshire.
The company was formerly known as Northeast Utilities and changed its name to Eversource Energy in April 2015. Eversource Energy is based in Springfield, Massachusetts.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ES straddle is the cleanest expression of that view. Our scanner prices every ES 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 ES straddle into a catalyst or short a ES straddle to harvest decay, the options straddle setups that matter are all in one place.
