Trading a SHAK straddle lets you take a pure volatility position on Shake Shack Inc without committing to a direction. Shake Shack 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 SHAK straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SHAK 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 Shake Shack 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 SHAK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks. Shake Shack Inc. was founded in 2001 and is headquartered in New York, New York.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SHAK straddle is the cleanest expression of that view. Our scanner prices every SHAK 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 SHAK straddle into a catalyst or short a SHAK straddle to harvest decay, the options straddle setups that matter are all in one place.
