Trading a FIGS straddle lets you take a pure volatility position on Figs Inc without committing to a direction. Figs 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 FIGS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FIGS 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 Figs 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 FIGS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
FIGS, Inc. operates as a direct-to-consumer healthcare apparel and lifestyle company in the United States. It designs and sells healthcare apparel and other non-scrub offerings, such as lab coats, under scrubs, outerwear, activewear, loungewear, compression socks footwear, and masks. It also offers sports bras, performance leggings, tops, super-soft pima cotton tops, vests, and jackets. The company markets and sells its products through its digital platform comprising website and mobile app. FIGS, Inc. was founded in 2013 and is headquartered in Santa Monica, California.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FIGS straddle is the cleanest expression of that view. Our scanner prices every FIGS 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 FIGS straddle into a catalyst or short a FIGS straddle to harvest decay, the options straddle setups that matter are all in one place.
