Trading a DRI straddle lets you take a pure volatility position on Darden Restaurants Inc without committing to a direction. Darden Restaurants 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 DRI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on DRI 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 Darden Restaurants 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 DRI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Darden Restaurants, Inc., through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 29, 2022, it owned and operated 1,867 restaurants, which included 884 under the Olive Garden brand, 546 under the LongHorn Steakhouse brand name, 172 under the Cheddar's Scratch Kitchen brand, 85 under the Yard House brand name, 62 under The Capital Grille brand, 45 under the Seasons 52 brand name, 42 under the Bahama Breeze brand, 28 under the Eddie V's Prime Seafood brand name, and 3 under the Capital Burger brand; and franchised 60 restaurants comprising 35 under the Olive Garden brand, 18 under the LongHorn Steakhouse brand name, 4 under the Cheddar's Scratch Kitchen brand, 2 under The Capital Grille brand name, and 1 under the Bahama Breeze brand.Darden Restaurants, Inc.
was founded in 1968 and is based in Orlando, Florida.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the DRI straddle is the cleanest expression of that view. Our scanner prices every DRI 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 DRI straddle into a catalyst or short a DRI straddle to harvest decay, the options straddle setups that matter are all in one place.
