IT Tech Packaging Inc (ITP) Straddle

Trading a ITP straddle lets you take a pure volatility position on IT Tech Packaging Inc without committing to a direction. IT Tech Packaging 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 ITP straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ITP 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 IT Tech Packaging 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 ITP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

IT Tech Packaging, Inc., through its subsidiaries, engages in the production and distribution of paper products in the People's Republic of China. The company offers corrugating medium papers to companies making corrugating cardboards; and offset printing papers to printing companies. It also provides tissue paper products, including toilet papers, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells non-medical single-use face masks, and medical face masks.

The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. was founded in 1996 and is headquartered in Baoding, the People's' Republic of China.

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