Noodles & Company (NDLS) Straddle

Trading a NDLS straddle lets you take a pure volatility position on Noodles & Company without committing to a direction. Noodles & Company'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 NDLS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on NDLS 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 Noodles & Company 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 NDLS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of December 28, 2021, the company operated 448 restaurants in 29 states, which included 372 company locations and 76 franchise locations. Noodles & Company was founded in 1995 and is based in Broomfield, Colorado.

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