Trading a FWRG straddle lets you take a pure volatility position on First Watch Restaurant Group Inc without committing to a direction. First Watch Restaurant Group 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 FWRG straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FWRG 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 First Watch Restaurant Group 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 FWRG straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
First Watch Restaurant Group, Inc. operates and franchises restaurants under the First Watch trade name. As of March 23, 2022, it operated 341 company-owned restaurants and 94 franchised restaurants in 28 states in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is headquartered in Bradenton, Florida.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FWRG straddle is the cleanest expression of that view. Our scanner prices every FWRG 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 FWRG straddle into a catalyst or short a FWRG straddle to harvest decay, the options straddle setups that matter are all in one place.
