Trading a TNK straddle lets you take a pure volatility position on Teekay Tankers Ltd without committing to a direction. Teekay Tankers 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 TNK straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on TNK 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 Teekay Tankers 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 TNK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Teekay Tankers Ltd. provides marine transportation services to oil industries in Bermuda and internationally. The company offers voyage and time charter services; and offshore ship-to-ship transfer services of commodities primarily crude oil and refined oil products, as well as liquid gases and various other products. It also provides tanker commercial and technical management services. As of December 31, 2021, the company owned and leased 48 double-hull oil tankers, time-chartered in two Aframax tankers, and one LR2 tanker. Teekay Tankers Ltd. was incorporated in 2007 and is headquartered in Hamilton, Canada.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the TNK straddle is the cleanest expression of that view. Our scanner prices every TNK 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 TNK straddle into a catalyst or short a TNK straddle to harvest decay, the options straddle setups that matter are all in one place.
