Trading a TEN straddle lets you take a pure volatility position on Tsakos Energy Navigation Limited without committing to a direction. Tsakos Energy Navigation Limited'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 TEN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on TEN 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 Tsakos Energy Navigation Limited 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 TEN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Tsakos Energy Navigation Limited provides seaborne crude oil and petroleum product transportation services worldwide. The company offers marine transportation services for national, major, and other independent oil companies and refiners under long, medium, and short-term charters. It also operates a fleet of double-hull vessels, comprising of conventional tankers, LNG carriers, and suezmax DP2 shuttle tankers. The company was formerly known as MIF Limited and changed its name to Tsakos Energy Navigation Limited in July 2001. The company was incorporated in 1993 and is based in Athens, Greece.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the TEN straddle is the cleanest expression of that view. Our scanner prices every TEN 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 TEN straddle into a catalyst or short a TEN straddle to harvest decay, the options straddle setups that matter are all in one place.
