Trading a MSGS straddle lets you take a pure volatility position on Madison Square Garden Sports Corp without committing to a direction. Madison Square Garden Sports 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 MSGS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MSGS 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 Madison Square Garden Sports 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 MSGS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Madison Square Garden Sports Corp. operates as a professional sports company. The company owns and operates a portfolio of assets that consists of the New York Knickerbockers of the National Basketball Association (NBA) and the New York Rangers of the National Hockey League. Its other professional franchises include two development league teams, the Hartford Wolf Pack of the American Hockey League and the Westchester Knicks of the NBA G League. It also owns Knicks Gaming, an esports franchise that competes in the NBA 2K League, as well as a controlling interest in Counter Logic Gaming, a North American esports organization.
In addition, the company operates two professional sports team performance centers, the Madison Square Garden Training Center in Greenburgh and the CLG Performance Center in Los Angeles. The company was formerly known as The Madison Square Garden Company. Madison Square Garden Sports Corp. was incorporated in 2015 and is based in New York, New York.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MSGS straddle is the cleanest expression of that view. Our scanner prices every MSGS 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 MSGS straddle into a catalyst or short a MSGS straddle to harvest decay, the options straddle setups that matter are all in one place.
