FirstCash Holdings Inc (FCFS) Straddle

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

A long straddle on FCFS 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 FirstCash Holdings 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 FCFS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

FirstCash Holdings, Inc, together with its subsidiaries, operates retail pawn stores in the United States, Mexico, and rest of Latin America. Its pawn stores lend money on the collateral of pledged personal property, including jewelry, electronics, tools, appliances, sporting goods, and musical instruments; and retails merchandise acquired through collateral forfeitures on forfeited pawn loans and over-the-counter purchases of merchandise directly from customers. The company is also involved in melting scrap jewelry, as well as sells gold, silver, and diamonds in commodity markets. As of December 31, 2021, it operated 1,081 stores in the United States and the District of Columbia; 1,656 stores in Mexico; 60 stores in Guatemala; 13 stores in El Salvador; and 15 stores in Colombia.

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