Dave & Buster's Entertainment Inc (PLAY) Straddle

Trading a PLAY straddle lets you take a pure volatility position on Dave & Buster's Entertainment Inc without committing to a direction. Dave & Buster's Entertainment 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 PLAY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PLAY 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 Dave & Buster's Entertainment 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 PLAY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Dave & Buster's Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster's name. As of January 30, 2022, it owned and operated 144 stores located in 40 states, Puerto Rico, and one Canadian Province. The company was founded in 1982 and is headquartered in Coppell, Texas.

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