Accel Entertainment Inc (ACEL) Straddle

Trading a ACEL straddle lets you take a pure volatility position on Accel Entertainment Inc without committing to a direction. Accel Entertainment 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 ACEL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ACEL 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 Accel Entertainment 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 ACEL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Accel Entertainment, Inc., together with its subsidiaries, operates as a distributed gaming operator in the United States. It is involved in the installation, maintenance, and operation of gaming terminals; redemption devices that disburse winnings and contain automated teller machine (ATM) functionality; and other amusement devices in authorized non-casino locations, such as restaurants, bars, taverns, convenience stores, liquor stores, truck stops, and grocery stores. The company also provides licensed establishment partners gaming solutions that appeal to players who patronize those businesses.

In addition, it operates stand-alone ATMs in gaming and non-gaming locations, as well as amusement devices, including jukeboxes, dartboards, pool tables, pinball machines, and other related entertainment equipment. As of December 31, 2021, the company operated 13,639 video gaming terminals across 2,584 locations in Illinois. Accel Entertainment, Inc. is headquartered in Burr Ridge, Illinois.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the ACEL straddle is the cleanest expression of that view. Our scanner prices every ACEL 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 ACEL straddle into a catalyst or short a ACEL straddle to harvest decay, the options straddle setups that matter are all in one place.