Tillys Inc (TLYS) Straddle

Trading a TLYS straddle lets you take a pure volatility position on Tillys Inc without committing to a direction. Tillys 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 TLYS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on TLYS 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 Tillys 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 TLYS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Tilly's, Inc. operates as a specialty retailer of casual apparel, footwear, accessories, and hardgoods for young men and women, and boys and girls in the United States. Its apparel merchandise includes tops, outerwear, bottoms, and dresses; and accessories merchandise comprises backpacks, hydration bottles, hats, sunglasses, small electronics and accessories, handbags, watches, jewelry, and others, as well as hardgoods consists of skateboards, longboards, bikes, roller-skates, and equipment for snowboarding and surfing. The company also provides third-party merchandise assortment across its various product categories.

As of March 14, 2022, it operated 241 stores. The company also sells its merchandise through its e-commerce website, tillys.com. Tilly's, Inc. was founded in 1982 and is headquartered in Irvine, California.

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