Morgan Stanley Direct Lending Fund (MSDL) Straddle

Trading a MSDL straddle lets you take a pure volatility position on Morgan Stanley Direct Lending Fund without committing to a direction. Morgan Stanley Direct Lending Fund'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 MSDL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on MSDL 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 Morgan Stanley Direct Lending Fund 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 MSDL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Morgan Stanley Direct Lending Fund is a business development and finance company, which engages in lending to middle-market companies. It invests in directly originated senior secured term loans including first lien senior secured term loans and second lien senior secured term loans. The company was founded on May 30, 2019 and is headquartered in New York, NY.

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