Trading a PL straddle lets you take a pure volatility position on Planet Labs PBC without committing to a direction. Planet Labs PBC'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 PL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PL 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 Planet Labs PBC 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 PL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Planet Labs PBC designs, constructs, and launches constellations of satellites with the intent of providing high cadence geospatial data delivered to customers through an online platform worldwide. The company offers Open Geospatial Consortium, a cloud-native proprietary technology that performs critical processing and overall harmonizing of images for time series and data fusion and analysis; and space-based hardware and related software systems. It serves agriculture, mapping, forestry, and finance and insurance, as well as federal, state, and local government bodies. The company was incorporated in 2010 and is headquartered in San Francisco, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PL straddle is the cleanest expression of that view. Our scanner prices every PL 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 PL straddle into a catalyst or short a PL straddle to harvest decay, the options straddle setups that matter are all in one place.
