Trading a HMY straddle lets you take a pure volatility position on Harmony Gold Mining Co Ltd ADR without committing to a direction. Harmony Gold Mining Co Ltd ADR'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 HMY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on HMY 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 Harmony Gold Mining Co Ltd ADR 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 HMY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of gold. It also explores for uranium, silver, copper, and molybdenum deposits. The company has nine underground operations in the Witwatersrand Basin; an open-pit mine on the Kraaipan Greenstone Belt; and various surface treatment operations in South Africa. It also owns interests in the Hidden Valley, an open-pit gold and silver mine; and Wafi-Golpu, a project in Morobe Province in Papua New Guinea. The company was incorporated in 1950 and is headquartered in Randfontein, South Africa.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the HMY straddle is the cleanest expression of that view. Our scanner prices every HMY 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 HMY straddle into a catalyst or short a HMY straddle to harvest decay, the options straddle setups that matter are all in one place.
