Trading a NG straddle lets you take a pure volatility position on Novagold Resources Inc without committing to a direction. Novagold Resources 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 NG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NG 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 Novagold Resources 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 NG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
NovaGold Resources Inc. explores for and develops gold mineral properties in the United States. Its principal asset is the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim region of southwestern Alaska. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NG straddle is the cleanest expression of that view. Our scanner prices every NG 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 NG straddle into a catalyst or short a NG straddle to harvest decay, the options straddle setups that matter are all in one place.
