Trading a MAC straddle lets you take a pure volatility position on Macerich Co without committing to a direction. Macerich Co'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 MAC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MAC 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 Macerich Co 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 MAC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Macerich is a fully integrated, self-managed and self-administered real estate investment trust, which focuses on the acquisition, leasing, management, development and redevelopment of regional malls throughout the United States. Macerich currently owns 51 million square feet of real estate consisting primarily of interests in 47 regional shopping centers. Macerich specializes in successful retail properties in many of the country's most attractive, densely populated markets with significant presence in the West Coast, Arizona, Chicago and the Metro New York to Washington, DC corridor. A recognized leader in sustainability, Macerich has achieved the #1 GRESB ranking in the North American Retail Sector for five straight years (2015 - 2019).
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MAC straddle is the cleanest expression of that view. Our scanner prices every MAC 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 MAC straddle into a catalyst or short a MAC straddle to harvest decay, the options straddle setups that matter are all in one place.
