Companhia de Saneamento Basico do Estado de Sao Paulo ADR (SBS) Straddle

Trading a SBS straddle lets you take a pure volatility position on Companhia de Saneamento Basico do Estado de Sao Paulo ADR without committing to a direction. Companhia de Saneamento Basico do Estado de Sao Paulo ADR'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 SBS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SBS 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 Companhia de Saneamento Basico do Estado de Sao Paulo ADR 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 SBS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Companhia de Saneamento Básico do Estado de São Paulo – SABESP provides water and sewage services to residential, commercial, industrial, and governmental customers. It provides water supply, sanitary sewage, urban rainwater management and drainage, urban cleaning, and solid waste management services, as well as related activities, including the planning, operation, maintenance, and commercialization of energy. As of December 31, 2021, the company provided water services through 9.8 million water connections to approximately 27.8 million people; sewage services through 8.4 million sewage connections to approximately 24.6 million people; and operated 88,904 kilometers of water pipes and water transmission lines, as well as 61,122 kilometers of sewer lines.

It also offers water and/or sewage services to four other municipalities through special purpose companies. The company was founded in 1954 and is headquartered in São Paulo, Brazil.

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