Summit Midstream Corp (SMC) Straddle

Trading a SMC straddle lets you take a pure volatility position on Summit Midstream Corp without committing to a direction. Summit Midstream 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 SMC straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SMC 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 Summit Midstream 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 SMC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Summit Midstream Corporation focuses on owning, developing, and operating midstream energy infrastructure assets primarily shale formations in the continental United States. It operates natural gas, crude oil, and produced water gathering systems in four unconventional resource basins, including the Williston Basin in North Dakota, which includes the Bakken and Three Forks shale formations; the Denver-Julesburg Basin that consists of the Niobrara and Codell shale formations in Colorado and Wyoming; the Fort Worth Basin in Texas, which comprises the Barnett Shale formation; and the Piceance Basin in Colorado, which includes the Mesaverde formation, as well as the emerging Mancos and Niobrara Shale formations.

It serves natural gas and crude oil producers. Summit Midstream Corporation was founded in 2012 and is based in Houston, Texas.

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