Trading a SKT straddle lets you take a pure volatility position on Tanger Inc without committing to a direction. Tanger 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 SKT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SKT 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 Tanger 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 SKT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Tanger Inc. (NYSE: SKT) is a leading owner and operator of outlet and open-air retail shopping destinations, with over 43 years of expertise in the retail and outlet shopping industries. Tanger's portfolio of 38 outlet centers, one adjacent managed center and one open-air lifestyle center comprises over 15 million square feet well positioned across tourist destinations and vibrant markets in 20 U.S. states and Canada. A publicly traded REIT since 1993, Tanger continues to innovate the retail experience for its shoppers with over 3,000 stores operated by more than 700 different brand name companies.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SKT straddle is the cleanest expression of that view. Our scanner prices every SKT 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 SKT straddle into a catalyst or short a SKT straddle to harvest decay, the options straddle setups that matter are all in one place.
