Spruce Power Holding Corp (SPRU) Straddle

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

A long straddle on SPRU 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 Spruce Power Holding 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 SPRU straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

XL Fleet Corp. provides fleet electrification solutions for commercial vehicles in North America. Its products include hybrid electric drive systems are comprised of an electric motor that is mounted onto the vehicle's drive shaft, an inverter motor controller, and a lithium-ion battery pack to store energy to be used for propulsion; plug-in hybrid electric drive system, which are fitted to vehicles. In addition, the company offers vehicle electrification and infrastructure solutions, and charging stations. It serves end-use customer base comprising Fortune 500 corporate enterprises, public utilities, and various municipalities.

The company was incorporated in 2009 and is headquartered in Boston, Massachusetts.

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