High Tide Inc (HITI) Straddle

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

A long straddle on HITI 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 High Tide 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 HITI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

High Tide Inc. engages in the cannabis retail business in Canada, Europe, the United States, and internationally. The company designs, manufactures, and distributes smoking accessories and cannabis lifestyle products. It is also involved in the wholesale and retailing of cannabis products, as well as operates and franchises licensed retail cannabis stores. In addition, the company provides data analytics services, as well as operates Grasscity.com and CBDcity.com platforms. As of August 4, 2022, it operated 139 retail locations in Ontario, Alberta, British Columbia, Manitoba, and Saskatchewan. The company was formerly known as High Tide Ventures Inc.

and changed its name to High Tide Inc. in October 2018. High Tide Inc. was founded in 2009 and is headquartered in Calgary, Canada.

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