San Juan Basin Royalty Trust (SJT) Straddle

Trading a SJT straddle lets you take a pure volatility position on San Juan Basin Royalty Trust without committing to a direction. San Juan Basin Royalty Trust'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 SJT straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SJT 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 San Juan Basin Royalty Trust 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 SJT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

San Juan Basin Royalty Trust operates as an express trust in Texas. The company has a 75% net overriding royalty interest carved out of Southland's oil and natural gas interests (the Subject Interests) in properties located in the San Juan Basin in northwestern New Mexico. The Subject Interests consist of working interests, royalty interests, overriding royalty interests, and other contractual rights in 119,000 net producing acres in San Juan, Rio Arriba, and Sandoval Counties of northwestern New Mexico, as well as 1,140.0 net wells. BBVA USA serves as the trustee of the San Juan Basin Royalty Trust.

The company was founded in 1980 and is based in Houston, Texas.

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