Trading a ZION straddle lets you take a pure volatility position on Zions Bancorporation N.A without committing to a direction. Zions Bancorporation N.A'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 ZION straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ZION 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 Zions Bancorporation N.A 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 ZION straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Zions Bancorporation, National Association provides various banking and related services primarily in the states of Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The company offers corporate banking services; commercial banking, including a focus on small- and medium-sized businesses; commercial real estate banking services; municipal and public finance services; retail banking, including residential mortgages; trust services; wealth management and private client banking services; and capital markets products and services. As of December 31, 2020, it operated 422 branches, which included 273 owned and 149 leased.
The company was formerly known as ZB, National Association and changed its name to Zions Bancorporation, National Association in September 2018. Zions Bancorporation, National Association was founded in 1873 and is headquartered in Salt Lake City, Utah.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ZION straddle is the cleanest expression of that view. Our scanner prices every ZION 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 ZION straddle into a catalyst or short a ZION straddle to harvest decay, the options straddle setups that matter are all in one place.
