Trading a CHH straddle lets you take a pure volatility position on Choice Hotels International Inc without committing to a direction. Choice Hotels International 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 CHH straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CHH 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 Choice Hotels International 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 CHH straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Choice Hotels International, Inc., together with its subsidiaries, operates as a hotel franchisor worldwide. The company operates in Hotel Franchising and Corporate & Other segments. It franchises lodging properties under the brand names of Comfort Inn, Comfort Suites, Quality, Clarion, Clarion Pointe, Sleep Inn, Econo Lodge, Rodeway Inn, MainStay Suites, Suburban Extended Stay Hotel, WoodSpring Suites, Everhome Suites, Cambria Hotels, and Ascend Hotel Collection. The company also develops and markets cloud-based property management software to non-franchised hoteliers. As of March 31, 2022, it had approximately 7,000 hotels with approximately 600,000 rooms in 35 countries and territories.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CHH straddle is the cleanest expression of that view. Our scanner prices every CHH 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 CHH straddle into a catalyst or short a CHH straddle to harvest decay, the options straddle setups that matter are all in one place.
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