Trading a GNK straddle lets you take a pure volatility position on Genco Shipping & Trading Limited without committing to a direction. Genco Shipping & Trading Limited'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 GNK straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GNK 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 Genco Shipping & Trading Limited 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 GNK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GNK straddle is the cleanest expression of that view. Our scanner prices every GNK 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 GNK straddle into a catalyst or short a GNK straddle to harvest decay, the options straddle setups that matter are all in one place.
