Summit Hotel Properties Inc (INN) Straddle

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

A long straddle on INN 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 Summit Hotel Properties 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 INN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Summit Hotel Properties, Inc. is a publicly traded real estate investment trust focused on owning premium-branded hotels with efficient operating models primarily in the Upscale segment of the lodging industry. As of November 3, 2020, the Company's portfolio consisted of 72 hotels, 67 of which are wholly owned, with a total of 11,288 guestrooms located in 23 states.

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