Trading a IBOC straddle lets you take a pure volatility position on International Bancshares Corp without committing to a direction. International Bancshares Corp'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 IBOC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on IBOC 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 International Bancshares Corp 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 IBOC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. It accepts checking and saving deposits; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. The company also provides international banking services, including letters of credit, commercial and industrial loans, and foreign exchange services. In addition, it offers other banking related services, such as credit cards, safety deposit boxes, collection, notary public, escrow, drive up and walk up facilities, and other customary banking services; and Internet banking services, as well as securities products through third party providers.
As of February 28, 2022, the company had 170 branch facilities and 263 ATMs serving 76 communities in Texas and Oklahoma. International Bancshares Corporation was founded in 1966 and is headquartered in Laredo, Texas.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the IBOC straddle is the cleanest expression of that view. Our scanner prices every IBOC 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 IBOC straddle into a catalyst or short a IBOC straddle to harvest decay, the options straddle setups that matter are all in one place.
