InnovAge Holding Corp (INNV) Straddle

Trading a INNV straddle lets you take a pure volatility position on InnovAge Holding Corp without committing to a direction. InnovAge Holding 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 INNV straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on INNV 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 InnovAge Holding 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 INNV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

InnovAge Holding Corp. manages and provides a range of medical and ancillary services for seniors in need of care and support to live independently in their homes and communities. It manages its business through Program of All-Inclusive Care for the Elderly (PACE) approach. The company offers in-home care services consisting of skilled, unskilled, and personal care; in-center services, such as primary care, physical therapy, occupational therapy, speech therapy, dental services, mental health and psychiatric services, meals, and activities; transportation to the PACE center and third-party medical appointments; and care management.

It serves approximately 6,850 PACE participants in the United States; and operates 18 PACE centers in Colorado, California, New Mexico, Pennsylvania, and Virginia. The company was formerly known as TCO Group Holdings, Inc. and changed its name to InnovAge Holding Corp. in January 2021. InnovAge Holding Corp. was founded in 2007 and is headquartered in Denver, Colorado.

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