Trading a OLLI straddle lets you take a pure volatility position on Ollies Bargain Outlet Holdings Inc without committing to a direction. Ollies Bargain Outlet Holdings 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 OLLI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on OLLI 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 Ollies Bargain Outlet Holdings 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 OLLI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. As of August 3, 2022, it operated 450 stores in 29 states throughout half of the United States.
The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the OLLI straddle is the cleanest expression of that view. Our scanner prices every OLLI 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 OLLI straddle into a catalyst or short a OLLI straddle to harvest decay, the options straddle setups that matter are all in one place.
