Empire State Realty Trust Inc (ESRT) Straddle

Trading a ESRT straddle lets you take a pure volatility position on Empire State Realty Trust Inc without committing to a direction. Empire State Realty Trust Inc'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 ESRT straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ESRT 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 Empire State Realty Trust Inc 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 ESRT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Empire State Realty Trust, Inc. (NYSE: ESRT), a leading real estate investment trust (REIT), owns, manages, operates, acquires and repositions office and retail properties in Manhattan and the greater New York metropolitan area, including the Empire State Building, the World's Most Famous Building. Headquartered in New York, New York, the Company's office and retail portfolio covers 10.1 million rentable square feet, as of September 30, 2020, consisting of 9.4 million rentable square feet in 14 office properties, including nine in Manhattan, three in Fairfield County, Connecticut, and two in Westchester County, New York; and approximately 700,000 rentable square feet in the retail portfolio.

Long the leader in energy efficiency retrofits and Indoor Environmental Quality, Empire State Realty Trust is the first commercial real estate portfolio in the U.S. to achieve the WELL Health-Safety Rating.

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