New Found Gold Corp (NFGC) Straddle

Trading a NFGC straddle lets you take a pure volatility position on New Found Gold Corp without committing to a direction. New Found Gold 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 NFGC straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on NFGC 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 New Found Gold 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 NFGC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

New Found Gold Corp., a mineral exploration company, engages in the identification, acquisition, and exploration of mineral properties in the Provinces of Newfoundland and Labrador, and Ontario. The company primarily explores for gold deposit. It holds 100% interests in the Queensway project that includes 86 mineral licenses and 6,041 claims covering an area of 151,030 hectares of land located near Gander, Newfoundland; and the Lucky Strike project comprising 11,684 hectares located in Kirkland Lake, Ontario. The company was formerly known as Palisade Resources Corp. and changed its name to New Found Gold Corp.

in June 2017. New Found Gold Corp. was incorporated in 2016 and is headquartered in Vancouver, Canada.

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