Trading a VNOM straddle lets you take a pure volatility position on Viper Energy Inc without committing to a direction. Viper Energy Inc'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 VNOM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on VNOM 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 Viper Energy Inc 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 VNOM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Viper Energy Partners LP owns, acquires, and exploits oil and natural gas properties in North America. As of December 31, 2021, it had mineral interests in 27,027 net royalty acres in the Permian Basin and Eagle Ford Shale; and estimated proved oil and natural gas reserves of 127,888 thousand barrels of crude oil equivalent. Viper Energy Partners GP LLC operates as the general partner of the company. The company was founded in 2013 and is based in Midland, Texas. Viper Energy Partners LP is a subsidiary of Diamondback Energy, Inc.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the VNOM straddle is the cleanest expression of that view. Our scanner prices every VNOM 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 VNOM straddle into a catalyst or short a VNOM straddle to harvest decay, the options straddle setups that matter are all in one place.
