Star Group LP (SGU) Straddle

Trading a SGU straddle lets you take a pure volatility position on Star Group LP without committing to a direction. Star Group LP'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 SGU straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SGU 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 Star Group LP 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 SGU straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Star Group, L.P. sells home heating and air conditioning products and services to residential and commercial home heating oil and propane customers in the United States. It also sells diesel fuel, gasoline, and home heating oil on a delivery only basis, as well as provide plumbing services; and installs maintains, and repairs heating and air conditioning equipment. As of September 30, 2021, the company served approximately 422,200 full service residential and commercial home heating oil and propane customers and 71,100 customers on a delivery only basis. It also sells gasoline and diesel fuel to approximately 26,700 customers.

Kestrel Heat, LLC operates as the general partner of the company. The company was formerly known as Star Gas Partners, L.P. and changed its name to Star Group, L.P. in October 2017. Star Group, L.P. was incorporated in 1995 and is based in Stamford, Connecticut.

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