Trading a PRDO straddle lets you take a pure volatility position on Perdoceo Education Corp without committing to a direction. Perdoceo Education 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 PRDO straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PRDO 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 Perdoceo Education 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 PRDO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Perdoceo Education Corporation provides postsecondary education through online, campus-based, and blended learning programs in the United States. The company operates in two segments, Colorado Technical University and American InterContinental University. It offers academic programs in the career-oriented disciplines of business and management, nursing, healthcare management, computer science, engineering, information systems and technology, project management, cybersecurity, and criminal justice, as well as business studies, information technologies, education, and health sciences. The company also operates intellipath, a personalized learning platform; and a mobile application and two-way messaging platform.
As of December 31, 2021, it had a total student enrollment of approximately 40,400 students. The company was formerly known as Career Education Corporation and changed its name to Perdoceo Education Corporation in January 2020. Perdoceo Education Corporation was incorporated in 1994 and is based in Schaumburg, Illinois.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PRDO straddle is the cleanest expression of that view. Our scanner prices every PRDO 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 PRDO straddle into a catalyst or short a PRDO straddle to harvest decay, the options straddle setups that matter are all in one place.
