Trading a SAIA straddle lets you take a pure volatility position on Saia Inc without committing to a direction. Saia 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 SAIA straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SAIA 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 Saia 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 SAIA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Saia, Inc., through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers. The company was formerly known as SCS Transportation, Inc. and changed its name to Saia, Inc. in July 2006. Saia, Inc. was founded in 1924 and is headquartered in Johns Creek, Georgia.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SAIA straddle is the cleanest expression of that view. Our scanner prices every SAIA 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 SAIA straddle into a catalyst or short a SAIA straddle to harvest decay, the options straddle setups that matter are all in one place.
