El Pollo Loco Holdings Inc (LOCO) Straddle

Trading a LOCO straddle lets you take a pure volatility position on El Pollo Loco Holdings Inc without committing to a direction. El Pollo Loco Holdings 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 LOCO straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on LOCO 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 El Pollo Loco Holdings 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 LOCO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

El Pollo Loco Holdings, Inc., through its subsidiary, El Pollo Loco, Inc., develops, franchises, licenses, and operates quick-service restaurants under the El Pollo Loco name. As of May 04, 2022, the company operated 480 restaurants comprising 189 company-operated and 291 franchised restaurants located in California, Nevada, Arizona, Texas, Utah, and Louisiana. It also licenses one restaurant in the Philippines. The company was formerly known as Chicken Acquisition Corp. and changed its name to El Pollo Loco Holdings, Inc. in April 2014. El Pollo Loco Holdings, Inc. was founded in 1975 and is headquartered in Costa Mesa, California.

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