Trading a NOG straddle lets you take a pure volatility position on Northern Oil and Gas Inc without committing to a direction. Northern Oil and Gas 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 NOG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NOG 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 Northern Oil and Gas 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 NOG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Northern Oil and Gas, Inc., an independent energy company, engages in the acquisition, exploration, exploitation, development, and production of crude oil and natural gas properties in the United States. The company primarily holds interests in the Williston Basin, the Appalachian Basin, and the Permian Basin in the United States. As of December 31, 2021, it owned working interests in 7,436 gross producing wells; and had proved reserves of 287,682 million barrels of oil equivalent. The company is based in Minnetonka, Minnesota.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NOG straddle is the cleanest expression of that view. Our scanner prices every NOG 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 NOG straddle into a catalyst or short a NOG straddle to harvest decay, the options straddle setups that matter are all in one place.
