Cardlytics Inc (CDLX) Straddle

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

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

Cardlytics, Inc. operates an advertising platform in the United States and the United Kingdom. It offers Cardlytics platform, a proprietary native bank advertising channel that enables marketers to reach customers through their network of financial institution partners through digital channels, such as online, mobile applications, email, and various real-time notifications; and Bridg platform, a customer data platform which utilizes point-of-sale data and enables marketers to perform analytics and targeted loyalty marketing, as well as measure the impact of their marketing. The company was incorporated in 2008 and is headquartered in Atlanta, Georgia.

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