Trading a EAT straddle lets you take a pure volatility position on Brinker International Inc without committing to a direction. Brinker 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 EAT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on EAT 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 Brinker 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 EAT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Brinker International, Inc., together with its subsidiaries, engages in the ownership, development, operation, and franchising of casual dining restaurants in the United States and internationally. The company operates in two segments, Chili's and Maggiano's. As of June 30, 2021, it owned, operated, or franchised 1,648 restaurants comprising 1,594 restaurants under the Chili's Grill & Bar name and 54 restaurants under the Maggiano's Little Italy brand name. The company was founded in 1975 and is headquartered in Dallas, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the EAT straddle is the cleanest expression of that view. Our scanner prices every EAT 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 EAT straddle into a catalyst or short a EAT straddle to harvest decay, the options straddle setups that matter are all in one place.
