Northrim Bancorp Inc (NRIM) Straddle

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

A long straddle on NRIM 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 Northrim Bancorp 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 NRIM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Northrim BanCorp, Inc. functions as the parent entity for Northrim Bank, which delivers a comprehensive range of commercial banking products and services primarily to businesses and professional clients. Its operations are divided into two main divisions: Community Banking and Home Mortgage Lending. The bank offers a diverse suite of deposit accounts, including noninterest-bearing checking accounts, interest-bearing time deposits, standard checking and savings accounts, individual retirement accounts (IRAs), money market deposit accounts, certificates of deposit (CDs), and specialized business sweep accounts.

For lending needs, it provides various short and medium-term commercial loans, commercial lines of credit, construction and real estate financing, consumer loans, and solutions for short-term working capital. Customers benefit from extensive digital and convenience services such as consumer and business online banking, a mobile app with mobile deposit capabilities, mobile web and text banking, online account opening, personal finance management tools, digital document access, and a variety of debit and credit card offerings. Further convenience is provided through telebanking and automated teller machines (ATMs). Northrim also facilitates numerous financial transactions and business solutions, including personalized checks, overdraft protection via savings accounts, commercial drive-up banking, automated transfers and payments, peer-to-peer payments (People Pay), external and wire transfers, Bill Pay, direct payroll deposits, electronic tax payments, and comprehensive Automated Clearing House (ACH) origination and receipt services. Advanced business tools include remote deposit capture, account reconciliation, positive pay for fraud prevention, merchant services, and robust cash management solutions. Additionally, it offers annuity products and long-term investment portfolio management. Beyond traditional banking, the company extends its services to include investment advisory, trust services, wealth management, factoring, and mortgage brokerage. As of January 28, 2022, Northrim BanCorp operated 17 branches situated in key Alaskan locations: Anchorage (where its headquarters are located), the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. The company was established in 1990.

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