Horizon Bancorp Inc (IN) (HBNC) Straddle

Trading a HBNC straddle lets you take a pure volatility position on Horizon Bancorp Inc (IN) without committing to a direction. Horizon Bancorp Inc (IN)'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 HBNC straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on HBNC 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 Horizon Bancorp Inc (IN) 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 HBNC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 78 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.

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