Trading a EZPW straddle lets you take a pure volatility position on EZCorp Inc without committing to a direction. EZCorp 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 EZPW straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on EZPW 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 EZCorp 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 EZPW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
EZCORP, Inc. provides pawn loans in the United States and Latin America. It offers pawn loans collateralized by tangible personal property, jewelry, consumer electronics, tools, sporting goods, and musical instruments. The company also sells merchandise, primarily collateral forfeited from pawn lending operations and pre-owned merchandise purchased from customers. In addition, it offers Lana and EZ+ web-based engagement platforms to manage pawn loans. As of September 30, 2021, the company owned and operated 516 pawn stores in the United States; 508 pawn stores in Mexico; and 124 pawn stores in Guatemala, El Salvador, and Honduras.
EZCORP, Inc. was founded in 1989 and is headquartered in Austin, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the EZPW straddle is the cleanest expression of that view. Our scanner prices every EZPW 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 EZPW straddle into a catalyst or short a EZPW straddle to harvest decay, the options straddle setups that matter are all in one place.
