Chatham Lodging Trust (CLDT) Straddle

Trading a CLDT straddle lets you take a pure volatility position on Chatham Lodging Trust without committing to a direction. Chatham Lodging Trust'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 CLDT straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on CLDT 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 Chatham Lodging Trust 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 CLDT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Chatham Lodging Trust is a self-advised, publicly traded real estate investment trust focused primarily on investing in upscale, extended-stay hotels and premium-branded, select-service hotels. At September, 30, 2020, The company owns interests in 86 hotels totaling 12,040 rooms/suites, comprised of 40 properties it wholly owns with an aggregate of 6,092 rooms/suites in 15 states and the District of Columbia and a minority investment in the Innkeepers joint ventures that owns 46 hotels with an aggregate of 5,948 rooms/suites.

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