Trading a GPI straddle lets you take a pure volatility position on Group 1 Automotive Inc without committing to a direction. Group 1 Automotive 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 GPI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GPI 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 Group 1 Automotive 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 GPI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. The company sells new and used cars, light trucks, and vehicle parts, as well as service and insurance contracts; arranges related vehicle financing; and offers automotive maintenance and repair services. It operates primarily in 17 states in the United States; and 35 towns in the United Kingdom. As of July 11, 2022, the company owned and operated 204 automotive dealerships, 273 franchises, and 47 collision centers that offer 35 brands of automobiles. Group 1 Automotive, Inc. was incorporated in 1995 and is based in Houston, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GPI straddle is the cleanest expression of that view. Our scanner prices every GPI 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 GPI straddle into a catalyst or short a GPI straddle to harvest decay, the options straddle setups that matter are all in one place.
