Trading a BJRI straddle lets you take a pure volatility position on BJ's Restaurant Inc without committing to a direction. BJ's Restaurant 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 BJRI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BJRI 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 BJ's Restaurant 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 BJRI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
BJ's Restaurants, Inc. owns and operates casual dining restaurants in the United States. The company's restaurants offer pizzas, craft and other beers, appetizers, entrées, pastas, sandwiches, specialty salads, and desserts. As of April 19, 2022, it operated 213 restaurants in 29 states. The company was founded in 1978 and is based in Huntington Beach, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BJRI straddle is the cleanest expression of that view. Our scanner prices every BJRI 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 BJRI straddle into a catalyst or short a BJRI straddle to harvest decay, the options straddle setups that matter are all in one place.
