Sable Offshore Corp (SOC) Straddle

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

A long straddle on SOC 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 Sable Offshore 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 SOC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Sable Offshore Corp. engages in the oil and gas exploration and development activities in the United States. It operates through three platforms located offshore California and an onshore processing facility comprised of 16 federal leases across approximately 76,000 acres. The company was formerly known as Flame Acquisition Corp. and changed its name to Sable Offshore Corp. in February 2024. Sable Offshore Corp. was incorporated in 2020 and is based in Houston, Texas.

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