Legacy Housing Corp (LEGH) Straddle

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

A long straddle on LEGH 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 Legacy Housing 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 LEGH straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Legacy Housing Corporation builds, sells, and finances manufactured homes and tiny houses primarily in the southern United States. The company manufactures and provides for the transport of mobile homes; and offers wholesale financing to dealers and mobile home parks, as well as a range of homes, including 1 to 5 bedrooms with 1 to 3 1/2 bathrooms. It also provides floor plan financing for independent retailers; consumer financing for its products; and financing to manufactured housing community owners that buy its products for use in their rental housing communities. In addition, it involved in financing and developing new manufactured home communities; and retail financing to consumers.

The company markets its homes under the Legacy brand through a network of 176 independent and 13 company-owned retail locations, as well as direct sales to owners of manufactured home communities in 15 states in the United States. Legacy Housing Corporation was founded in 2005 and is headquartered in Bedford, Texas.

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