Trading a UNP straddle lets you take a pure volatility position on Union Pacific Corp without committing to a direction. Union Pacific 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 UNP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on UNP 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 Union Pacific 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 UNP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
As of December 31, 2021, its rail network included 32,452 route miles connecting Pacific Coast and Gulf Coast ports with the Midwest and Eastern United States gateways. The company was founded in 1862 and is headquartered in Omaha, Nebraska.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the UNP straddle is the cleanest expression of that view. Our scanner prices every UNP 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 UNP straddle into a catalyst or short a UNP straddle to harvest decay, the options straddle setups that matter are all in one place.
