Getty Realty Corp (GTY) Straddle

Trading a GTY straddle lets you take a pure volatility position on Getty Realty Corp without committing to a direction. Getty Realty Corp'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 GTY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on GTY 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 Getty Realty Corp 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 GTY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Getty Realty Corp. is the leading publicly traded real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. As of September 30, 2020, the Company owned 896 properties and leased 58 properties from third-party landlords in 35 states across the United States and Washington, D.C.

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