Trading a SM straddle lets you take a pure volatility position on SM Energy Co without committing to a direction. SM Energy Co'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 SM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SM 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 SM Energy Co 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 SM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
SM Energy Company, an independent energy company, engages in the acquisition, exploration, development, and production of oil, natural gas, and natural gas liquids in the state of Texas. As of February 24, 2022, it had 492.0 million barrels of oil equivalent of estimated proved reserves. It also has working interests in 825 gross productive oil wells and 483 gross productive gas wells in the Midland Basin and South Texas. The company was formerly known as St. Mary Land & Exploration Company and changed its name to SM Energy Company in May 2010. SM Energy Company was founded in 1908 and is headquartered in Denver, Colorado.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SM straddle is the cleanest expression of that view. Our scanner prices every SM 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 SM straddle into a catalyst or short a SM straddle to harvest decay, the options straddle setups that matter are all in one place.
