Chefs' Warehouse Inc (CHEF) Straddle

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

A long straddle on CHEF 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 Chefs' Warehouse 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 CHEF straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Chefs' Warehouse, Inc., together with its subsidiaries, engages in distribution of specialty food products in the United States and Canada. The company's product portfolio includes approximately 50,000 stock-keeping units, such as specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products. It also offers a line of center-of-the-plate products, including custom cut beef, seafood, and hormone-free poultry, as well as food products, such as cooking oils, butter, eggs, milk, and flour. The company serves menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos, and specialty food stores.

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