Trading a RYN straddle lets you take a pure volatility position on Rayonier Inc without committing to a direction. Rayonier 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 RYN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RYN 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 Rayonier 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 RYN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Rayonier is a leading timberland real estate investment trust with assets located in some of the most productive softwood timber growing regions in the United States and New Zealand. As of December 31, 2020, Rayonier owned or leased under long-term agreements approximately 2.7 million acres of timberlands located in the U.S. South (1.73 million acres), U.S. Pacific Northwest (507,000 acres) and New Zealand (417,000 acres). The Company also acts as the managing member in a private equity timber fund business with three funds comprising approximately 141,000 acres. On a look-through basis, the Company's ownership in the timber fund business equates to approximately 17,000 acres.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RYN straddle is the cleanest expression of that view. Our scanner prices every RYN 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 RYN straddle into a catalyst or short a RYN straddle to harvest decay, the options straddle setups that matter are all in one place.
