Trading a ESNT straddle lets you take a pure volatility position on Essent Group Ltd without committing to a direction. Essent Group Ltd'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 ESNT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ESNT 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 Essent Group Ltd 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 ESNT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Essent Group Ltd., through its subsidiaries, provides private mortgage insurance and reinsurance for mortgages secured by residential properties located in the United States. Its mortgage insurance products include primary, pool, and master policy. The company also provides information technology maintenance and development services; customer support-related services; underwriting consulting; and contract underwriting services. It serves the originators of residential mortgage loans, such as regulated depository institutions, mortgage banks, credit unions, and other lenders. The company was founded in 2008 and is based in Hamilton, Bermuda.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ESNT straddle is the cleanest expression of that view. Our scanner prices every ESNT 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 ESNT straddle into a catalyst or short a ESNT straddle to harvest decay, the options straddle setups that matter are all in one place.
