Travelzoo (TZOO) Straddle

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

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

Travelzoo, an Internet media company, provides travel, entertainment, and local deals from travel and entertainment companies, and local businesses in the Asia Pacific, Europe, and North America. Its publications and products include Travelzoo Website; Travelzoo iPhone and Android apps; Travelzoo Top 20 email newsletter; and Newsflash email alert service. The company also operates the Travelzoo Network, a network of third-party Websites that list travel deals published by the company; and Local Deals and Getaway listings, which allow its members to purchase vouchers for deals from local businesses, such as spas, hotels, and restaurants.

It serves airlines, hotels, cruise lines, vacations packagers, tour operators, destinations, car rental companies, travel agents, theater and performing arts groups, restaurants, spas, and activity companies. Travelzoo Inc. was founded in 1998 and is headquartered in New York, New York.

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