Permian Resources Holdings Inc (PR) Straddle

Trading a PR straddle lets you take a pure volatility position on Permian Resources Holdings Inc without committing to a direction. Permian Resources Holdings 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 PR straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PR 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 Permian Resources Holdings 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 PR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Permian Resources Corporation, an independent oil and natural gas company, focuses on the development of crude oil and related liquids-rich natural gas reserves in the United States. Its assets primarily focus on the Delaware Basin, a sub-basin of the Permian Basin. The company's properties consist of acreage blocks primarily in Reeves County, West Texas and Lea County, New Mexico. As of December 31, 2021, it leased or acquired approximately 73,675 net acres; and owned 991 net mineral acres in the Delaware Basin. The company was formerly known as Centennial Resource Development, Inc. and changed its name to Permian Resources Corporation in September 2022.

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