National Cinemedia Inc (NCMI) Straddle

Trading a NCMI straddle lets you take a pure volatility position on National Cinemedia Inc without committing to a direction. National Cinemedia 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 NCMI straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on NCMI 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 National Cinemedia 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 NCMI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

National CineMedia, Inc., through its subsidiary, National CineMedia, LLC, operates cinema advertising network in North America. It engages in the sale of advertising to national, regional, and local businesses in Noovie, a cinema advertising and entertainment pre-show seen on movie screens; and sells advertising on its Lobby Entertainment Network, a series of strategically-placed screens located in movie theater lobbies, as well as other forms of advertising and promotions in theatre lobbies. The company is also engaged in the sale of online and mobile advertising through its Noovie Audience Accelerator product, as well as a suite of Noovie digital properties, such as Noovie Shuffle, Noovie Trivia, Name That Movie, and Noovie Arcade to reach entertainment audiences beyond the theater.

It offers its services to third-party theater circuits under long-term network affiliate agreements. The company was incorporated in 2006 and is headquartered in Centennial, Colorado.

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