Trading a LTM straddle lets you take a pure volatility position on LATAM Airlines Group SA ADR without committing to a direction. LATAM Airlines Group SA 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 LTM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on LTM 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 LATAM Airlines Group SA 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 LTM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
LATAM Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in Chile, Peru, Ecuador, Colombia, Brazil, other Latin American countries, the Caribbean, North America, Europe, and Oceania. It offers other services, such as ground handling, courier, logistics, and maintenance services. As of December 31, 2023, the company provides passenger transport services to 148 destinations in 26 countries and cargo services to 166 destinations in 33 countries; and operated 333 fleet of aircraft. The company was formerly known as LAN Airlines S.A. and changed its name to LATAM Airlines Group S.A.
in June 2012. LATAM Airlines Group S.A. was founded in 1929 and is headquartered in Santiago, Chile.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the LTM straddle is the cleanest expression of that view. Our scanner prices every LTM 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 LTM straddle into a catalyst or short a LTM straddle to harvest decay, the options straddle setups that matter are all in one place.
