KNOT Offshore Partners LP (KNOP) Straddle

Trading a KNOP straddle lets you take a pure volatility position on KNOT Offshore Partners LP without committing to a direction. KNOT Offshore Partners LP'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 KNOP straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on KNOP 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 KNOT Offshore Partners LP 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 KNOP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

KNOT Offshore Partners LP owns, acquires, and operates shuttle tankers under long-term charters in the North Sea and Brazil. The company provides loading, transportation, discharge, and storage of crude oil under time charters and bareboat charters. As of March 17, 2022, it operated a fleet of seventeen shuttle tankers. The company was founded in 2013 and is headquartered in Aberdeen, the United Kingdom.

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