Trading a NE straddle lets you take a pure volatility position on Noble Corp Plc without committing to a direction. Noble Corp Plc'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 NE straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NE 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 Noble Corp Plc 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 NE straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Noble Corporation, together with its subsidiaries, operates as an offshore drilling contractor for the oil and gas industry worldwide. The company provides contract drilling services to the oil and gas industry through its fleet of mobile offshore drilling units. As of February 16, 2022, it operated a fleet of 20 offshore drilling units, which included 12 floaters and 8 jackups. The company was formerly known as Noble Holding Corporation plc. Noble Corporation was founded in 1921 and is headquartered in Sugar Land, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NE straddle is the cleanest expression of that view. Our scanner prices every NE 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 NE straddle into a catalyst or short a NE straddle to harvest decay, the options straddle setups that matter are all in one place.
