Trading a CBRL straddle lets you take a pure volatility position on Cracker Barrel Old Country Store Inc without committing to a direction. Cracker Barrel Old Country Store 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 CBRL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CBRL 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 Cracker Barrel Old Country Store 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 CBRL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company's Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, and various other gift items, as well as various candies, preserves, and other food items. As of September 15, 2021, it operated 664 Cracker Barrel stores in 45 states.
The company was founded in 1969 and is headquartered in Lebanon, Tennessee.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CBRL straddle is the cleanest expression of that view. Our scanner prices every CBRL 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 CBRL straddle into a catalyst or short a CBRL straddle to harvest decay, the options straddle setups that matter are all in one place.
