Trading a RRR straddle lets you take a pure volatility position on Red Rock Resorts Inc without committing to a direction. Red Rock Resorts 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 RRR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RRR 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 Red Rock Resorts 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 RRR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Red Rock Resorts, Inc., through its interest in Station Holdco and Station LLC, develops and operates casino and entertainment properties in the United States. It operates through two segments, Las Vegas Operations and Native American Management. The company owns and operates 9 gaming and entertainment facilities, and 10 smaller casinos in the Las Vegas regional market. In addition, it manages Graton Resort & Casino in northern California. As of December 31, 2021, it operated approximately 13,894 slot machines, 240 table games, and 3,081 hotel rooms in the Las Vegas market. The company was formerly known as Station Casinos Corp.
and changed its name to Red Rock Resorts, Inc. in January 2016. Red Rock Resorts, Inc. was incorporated in 1976 and is based in Las Vegas, Nevada.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RRR straddle is the cleanest expression of that view. Our scanner prices every RRR 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 RRR straddle into a catalyst or short a RRR straddle to harvest decay, the options straddle setups that matter are all in one place.
