Straddle Scanner
Straddle scanner to find volatility plays. Identify liquid at-the-money options, catalysts, IV context, and setups for big price moves.
Frequently asked questions
When should I buy a straddle?
Buy straddles when you expect a big move but don't know the direction. Ideal when IV is low and a catalyst is approaching.
What's the break-even on a straddle?
There are two break-evens: strike plus total premium paid (upside) and strike minus total premium paid (downside). The stock must move beyond one of these to profit.
Should I hold straddles through earnings?
Be cautious - IV crush after earnings can devastate straddles. The move often needs to exceed the expected move priced in, which is difficult.