Trading a CXW straddle lets you take a pure volatility position on CoreCivic Inc without committing to a direction. CoreCivic 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 CXW straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CXW 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 CoreCivic 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 CXW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions. Its correctional, detention, and residential reentry facilities offer rehabilitation and educational programs, including basic education, faith-based services, life skills and employment training, and substance abuse treatment.
As of December 31, 2021, the company owned and operated 46 correctional and detention facilities, 26 residential reentry centers, and 10 properties for lease. The company was founded in 1983 and is based in Brentwood, Tennessee.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CXW straddle is the cleanest expression of that view. Our scanner prices every CXW 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 CXW straddle into a catalyst or short a CXW straddle to harvest decay, the options straddle setups that matter are all in one place.
