Trading a OTIS straddle lets you take a pure volatility position on Otis Worldwide Corp without committing to a direction. Otis Worldwide Corp'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 OTIS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on OTIS 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 Otis Worldwide Corp 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 OTIS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Otis Worldwide Corporation manufactures, installs, and services elevators and escalators in the United States, China, and internationally. The company operates in two segments, New Equipment and Service. The New Equipment segment designs, manufactures, sells, and installs a range of passenger and freight elevators, as well as escalators and moving walkways for residential and commercial buildings, and infrastructure projects. The Service segment performs maintenance and repair services, as well as modernization services to upgrade elevators and escalators. It had a network of approximately 34,000 service mechanics operating approximately 1,400 branches and offices.
The company was founded in 1853 and is headquartered in Farmington, Connecticut.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the OTIS straddle is the cleanest expression of that view. Our scanner prices every OTIS 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 OTIS straddle into a catalyst or short a OTIS straddle to harvest decay, the options straddle setups that matter are all in one place.
