Trading a BYD straddle lets you take a pure volatility position on Boyd Gaming Corp without committing to a direction. Boyd Gaming Corp'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 BYD straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BYD 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 Boyd Gaming Corp 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 BYD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Boyd Gaming Corporation, together with its subsidiaries, operates as a multi-jurisdictional gaming company. It operates through three segments: Las Vegas Locals, Downtown Las Vegas, and Midwest & South. As of December 31, 2021, the company operated 28 gaming entertainment properties located in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio, and Pennsylvania. It also engages in owning and operating a travel agency. The company was founded in 1975 and is headquartered in Las Vegas, Nevada.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BYD straddle is the cleanest expression of that view. Our scanner prices every BYD 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 BYD straddle into a catalyst or short a BYD straddle to harvest decay, the options straddle setups that matter are all in one place.
