Westamerica Bancorporation (WABC) Straddle

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

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

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans. It operates through 78 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983.

The company was incorporated in 1972 and is headquartered in San Rafael, California.

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