Trading a KRP straddle lets you take a pure volatility position on Kimbell Royalty Partners LP without committing to a direction. Kimbell Royalty 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 KRP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on KRP 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 Kimbell Royalty 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 KRP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Kimbell Royalty Partners, LP, together with its subsidiaries, acquires and owns mineral and royalty interests in oil and natural gas properties in the United States. As of December 31, 2021, it owned mineral and royalty interests in approximately 11.4 million gross acres and overriding royalty interests in approximately 4.7 million gross acres. The company's mineral and royalty interests are located in 28 states and include ownership in approximately 122,000 gross wells, including approximately 46,000 wells in the Permian Basin. It serves as the general partner of the company. The company was founded in 2013 and is based in Fort Worth, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the KRP straddle is the cleanest expression of that view. Our scanner prices every KRP 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 KRP straddle into a catalyst or short a KRP straddle to harvest decay, the options straddle setups that matter are all in one place.
