Consumer Portfolio Service Inc (CPSS) Straddle

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

A long straddle on CPSS 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 Consumer Portfolio Service 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 CPSS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Consumer Portfolio Services, Inc. operates as a specialty finance company in the United States. It is involved in the purchase and service of retail automobile contracts originated by franchised automobile dealers and select independent dealers in the sale of new and used automobiles, light trucks, and passenger vans. The company, through its automobile contract purchases, offers indirect financing to the customers of dealers with limited credit histories or past credit problems. It serves as an alternative source of financing for dealers, facilitating sales to customers who are not able to obtain financing from commercial banks, credit unions, and the captive finance companies.

The company also acquires installment purchase contracts in four merger and acquisition transactions; purchases immaterial amounts of vehicle purchase money loans from non-affiliated lenders. and offers financing directly to sub-prime consumers to facilitate their purchase of a new or used automobile, light truck, or passenger van. It services its automobile contracts through its branches in California, Nevada, Virginia, Florida, and Illinois. The company was founded in 1991 and is based in Las Vegas, Nevada.

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