Trading a SR straddle lets you take a pure volatility position on Spire Inc without committing to a direction. Spire Inc'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 SR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SR 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 Spire Inc 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 SR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Spire Inc., together with its subsidiaries, engages in the purchase, retail distribution, and sale of natural gas to residential, commercial, industrial, and other end-users of natural gas in the United States. The company operates in two segments, Gas Utility and Gas Marketing. It is also involved in the marketing of natural gas. In addition, the company engages in the transportation of propane through its propane pipeline; compression of natural gas; risk management; and other activities. Further, it provides physical natural gas storage services. The company was formerly known as The Laclede Group, Inc.
and changed its name to Spire Inc. in April 2016. Spire Inc. was founded in 1857 and is based in St. Louis, Missouri.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SR straddle is the cleanest expression of that view. Our scanner prices every SR 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 SR straddle into a catalyst or short a SR straddle to harvest decay, the options straddle setups that matter are all in one place.
