Trading a MUSA straddle lets you take a pure volatility position on Murphy USA Inc without committing to a direction. Murphy USA Inc'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 MUSA straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MUSA 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 Murphy USA Inc 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 MUSA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Murphy USA Inc. engages in marketing of retail motor fuel products and convenience merchandise. The company operates retail stores under the Murphy USA, Murphy Express, and QuickChek brands. As of December 31, 2021, it operated 1,679 retail gasoline stores principally in the Southeast, Southwest, and Midwest United States. The company was founded in 1996 and is headquartered in El Dorado, Arkansas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MUSA straddle is the cleanest expression of that view. Our scanner prices every MUSA 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 MUSA straddle into a catalyst or short a MUSA straddle to harvest decay, the options straddle setups that matter are all in one place.
