Terreno Realty Corp (TRNO) Straddle

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

A long straddle on TRNO 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 Terreno Realty 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 TRNO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

{Terreno Realty Corporation and together with its subsidiaries, the Company) acquires, owns and operates industrial real estate in six major coastal U.S. markets: Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami, and Washington, D.C. All square feet, acres, occupancy and number of properties disclosed in these condensed notes to the consolidated financial statements are unaudited. As of September 30, 2020, the Company owned 219 buildings aggregating approximately 13.1 million square feet, 22 improved land parcels consisting of approximately 85.0 acres and one property under redevelopment expected to contain approximately 0.2 million square feet upon completion.

The Company is an internally managed Maryland corporation and elected to be taxed as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code), commencing with its taxable year ended December 31, 2010.}

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