Trading a UAN straddle lets you take a pure volatility position on CVR Partners LP without committing to a direction. CVR Partners LP'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 UAN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on UAN 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 CVR Partners LP 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 UAN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea and ammonium nitrate products to agricultural customers, as well as retailers and distributors. CVR GP, LLC serves as the general partner of the company. CVR Partners, LP was incorporated in 2007 and is headquartered in Sugar Land, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the UAN straddle is the cleanest expression of that view. Our scanner prices every UAN 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 UAN straddle into a catalyst or short a UAN straddle to harvest decay, the options straddle setups that matter are all in one place.
