Trading a PLNT straddle lets you take a pure volatility position on Planet Fitness Inc without committing to a direction. Planet Fitness 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 PLNT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PLNT 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 Planet Fitness 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 PLNT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. It operates through Franchise, Corporate-Owned Stores, and Equipment segments. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, Panama, Mexico, and Australia. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States and Canada. As of December 31,2021, the company had 2,254 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, and Australia.
Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PLNT straddle is the cleanest expression of that view. Our scanner prices every PLNT 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 PLNT straddle into a catalyst or short a PLNT straddle to harvest decay, the options straddle setups that matter are all in one place.
