Trading a BLMN straddle lets you take a pure volatility position on Bloomin Brands Inc without committing to a direction. Bloomin Brands 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 BLMN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BLMN 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 Bloomin Brands 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 BLMN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Bloomin' Brands, Inc., through its subsidiaries, owns and operates casual, upscale casual, and fine dining restaurants in the United States and internationally. The company operates through two segments, U.S. and International. Its restaurant portfolio has four concepts, including Outback Steakhouse, a casual steakhouse restaurant; Carrabba's Italian Grill, a casual Italian restaurant; Bonefish Grill; and Fleming's Prime Steakhouse & Wine Bar, a contemporary steakhouse. As of December 26, 2021, the company owned and operated 1,013 full-service restaurants and franchised 157 restaurants across 47 states; and 156 full-service restaurants and franchised 172 restaurants across 17 countries and Guam.
The company was founded in 1988 and is based in Tampa, Florida.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BLMN straddle is the cleanest expression of that view. Our scanner prices every BLMN 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 BLMN straddle into a catalyst or short a BLMN straddle to harvest decay, the options straddle setups that matter are all in one place.
