MYRG Straddle Strategy
MYRG (MYR Group Inc.), in the Industrials sector, (Engineering & Construction industry), listed on NASDAQ.
Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors.
MYRG (MYR Group Inc.) trades in the Industrials sector, specifically Engineering & Construction, with a market capitalization of approximately $7.44B, a trailing P/E of 52.34, a beta of 1.32 versus the broader market, a 52-week range of 171.51-497.09, average daily share volume of 294K, a public-listing history dating back to 2008, approximately 9K full-time employees. These structural characteristics shape how MYRG stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.
A beta of 1.32 indicates MYRG has historically moved more than the broader market, amplifying both the directional payoff and the realized volatility relative to an index-equivalent position. The trailing P/E of 52.34 is on the rich side, which tends to correlate with higher earnings-window IV expansion as the market debates whether forward growth supports the multiple.
What is a straddle on MYRG?
A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.
Current MYRG snapshot
As of June 30, 2026, spot at $498.31, ATM IV 55.00%, IV rank 60.88%, expected move 15.77%. The straddle on MYRG below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 17-day expiry.
Why this straddle structure on MYRG specifically: MYRG IV at 55.00% is mid-range versus its 1-year history, so strategy selection should anchor more to the directional thesis than to the IV regime, with a market-implied 1-standard-deviation move of approximately 15.77% (roughly $78.57 on the underlying). The 17-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated MYRG expiries trade a higher absolute premium for lower per-day decay. Position sizing on MYRG should anchor to the underlying notional of $498.31 per share and to the trader's directional view on MYRG stock.
MYRG straddle setup
The MYRG straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With MYRG near $498.31, the first option leg uses a $500.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed MYRG chain at a 17-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 MYRG shares for the stock leg in covered calls and collars).
| Action | Type | Strike / Basis | Premium (est) |
|---|---|---|---|
| Buy 1 | Call | $500.00 | $22.60 |
| Buy 1 | Put | $500.00 | $25.20 |
MYRG straddle risk and reward
- Net Premium / Debit
- -$4,780.00
- Max Profit (per contract)
- Unbounded
- Max Loss (per contract)
- -$4,698.10
- Breakeven(s)
- $452.20, $547.80
- Risk / Reward Ratio
- Unbounded
Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.
MYRG straddle payoff curve
Modeled P&L at expiration across a range of underlying prices for the straddle on MYRG. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.
| Underlying Price | % From Spot | P&L at Expiration |
|---|---|---|
| $0.01 | -100.0% | +$45,219.00 |
| $110.19 | -77.9% | +$34,201.20 |
| $220.37 | -55.8% | +$23,183.40 |
| $330.54 | -33.7% | +$12,165.60 |
| $440.72 | -11.6% | +$1,147.80 |
| $550.90 | +10.6% | +$309.99 |
| $661.08 | +32.7% | +$11,327.79 |
| $771.26 | +54.8% | +$22,345.59 |
| $881.43 | +76.9% | +$33,363.39 |
| $991.61 | +99.0% | +$44,381.19 |
When traders use straddle on MYRG
Straddles on MYRG are pure-volatility plays that profit from large moves in either direction; traders typically buy MYRG straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
MYRG thesis for this straddle
The market-implied 1-standard-deviation range for MYRG extends from approximately $419.74 on the downside to $576.88 on the upside. A MYRG long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. Current MYRG IV rank near 60.88% is mid-range against its 1-year distribution, so the IV signal is neutral; the straddle thesis on MYRG should anchor more to the directional view and the expected-move geometry. As a Industrials name, MYRG options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to MYRG-specific events.
MYRG straddle positions are structurally neutral / high-volatility (long premium); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. MYRG positions also carry Industrials sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move MYRG alongside the broader basket even when MYRG-specific fundamentals are unchanged. Always rebuild the position from current MYRG chain quotes before placing a trade.
Frequently asked questions
- What is a straddle on MYRG?
- A straddle on MYRG is the straddle strategy applied to MYRG (stock). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With MYRG stock trading near $498.31, the strikes shown on this page are snapped to the nearest listed MYRG chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
- How are MYRG straddle max profit and max loss calculated?
- Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the MYRG straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 55.00%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$4,698.10 per contract. Live intraday quotes will differ as the chain moves through the trading session.
- What is the breakeven for a MYRG straddle?
- The breakeven for the MYRG straddle priced on this page is roughly $452.20 and $547.80 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current MYRG market-implied 1-standard-deviation expected move is approximately 15.77%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
- When should you consider a straddle on MYRG?
- Straddles on MYRG are pure-volatility plays that profit from large moves in either direction; traders typically buy MYRG straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
- How does current MYRG implied volatility affect this straddle?
- MYRG ATM IV is at 55.00% with IV rank near 60.88%, which is mid-range against its 1-year history. Strategy selection depends more on directional thesis and expected move than on a strong IV signal.