Trading a MGY straddle lets you take a pure volatility position on Magnolia Oil & Gas Corp without committing to a direction. Magnolia Oil & Gas Corp'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 MGY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MGY 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 Magnolia Oil & Gas Corp 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 MGY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Magnolia Oil & Gas Corporation engages in the acquisition, development, exploration, and production of oil, natural gas, and natural gas liquids reserves in the United States. Its properties are located primarily in Karnes County and the Giddings Field in South Texas principally comprising the Eagle Ford Shale and the Austin Chalk formation. As of December 31, 2021, the company's assets consisted of a total leasehold position of 4,71,263 net acres, including 23,785 net acres in Karnes and 4,47,478 net acres in the Giddings area, as well as holds 1,292 net wells with a total production capacity of 66.0 thousand barrels of oil equivalent per day.
The company was incorporated in 2017 and is headquartered in Houston, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MGY straddle is the cleanest expression of that view. Our scanner prices every MGY 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 MGY straddle into a catalyst or short a MGY straddle to harvest decay, the options straddle setups that matter are all in one place.
