SiriusPoint Ltd (SPNT) Straddle

Trading a SPNT straddle lets you take a pure volatility position on SiriusPoint Ltd without committing to a direction. SiriusPoint Ltd'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 SPNT straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SPNT 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 SiriusPoint Ltd 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 SPNT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

SiriusPoint Ltd. provides multi-line insurance and reinsurance products and services worldwide. The company operates through two segments, Reinsurance, and Insurance & Services. The Reinsurance segment provides coverage to various product lines, which includes aviation and space, casualty, contingency, credit and bond, marine and energy, mortgage, and property to insurance and reinsurance companies, government entities, and other risk bearing vehicles. The Insurance & Services segment offers coverage to various product lines comprising accident and health, environmental, workers' compensation, and other lines of business, including a cross section of property and casualty lines.

The company was formerly known as Third Point Reinsurance Ltd. and changed its name to SiriusPoint Ltd. in February 2021. SiriusPoint Ltd. was incorporated in 2011 and is headquartered in Pembroke, Bermuda.

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