Trading a SLG straddle lets you take a pure volatility position on SL Green Realty Corp without committing to a direction. SL Green Realty Corp'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 SLG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SLG 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 SL Green Realty Corp 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 SLG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
SL Green Realty Corp., an S&P 500 company and Manhattan's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SLG straddle is the cleanest expression of that view. Our scanner prices every SLG 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 SLG straddle into a catalyst or short a SLG straddle to harvest decay, the options straddle setups that matter are all in one place.
