Trading a VAL straddle lets you take a pure volatility position on Valaris Ltd without committing to a direction. Valaris 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 VAL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on VAL 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 Valaris 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 VAL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Valaris Limited provides offshore contract drilling services to the international oil and gas industry. The company owns an offshore drilling rig fleet of 56 rigs, which include 11 drillships, 4 dynamically positioned semisubmersible rigs, 1 moored semisubmersible rig, and 40 jackup rigs. It serves international, government-owned, and independent oil and gas companies in the Gulf of Mexico, the North Sea, the Middle East, West Africa, Australia, and Southeast Asia. The company was incorporated in 2009 and is based in Hamilton, Bermuda.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the VAL straddle is the cleanest expression of that view. Our scanner prices every VAL 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 VAL straddle into a catalyst or short a VAL straddle to harvest decay, the options straddle setups that matter are all in one place.
