Trading a MAX straddle lets you take a pure volatility position on MediaAlpha Inc without committing to a direction. MediaAlpha 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 MAX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MAX 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 MediaAlpha 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 MAX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
MediaAlpha, Inc., through its subsidiaries, operates an insurance customer acquisition platform in the United States. It optimizes customer acquisition in various verticals of property and casualty insurance, health insurance, and life insurance. The company was founded in 2014 and is headquartered in Los Angeles, California. MediaAlpha, Inc. is a subsidiary of White Mountains Insurance Group, Ltd.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MAX straddle is the cleanest expression of that view. Our scanner prices every MAX 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 MAX straddle into a catalyst or short a MAX straddle to harvest decay, the options straddle setups that matter are all in one place.
