Trading a BETZ straddle lets you take a pure volatility position on Roundhill Sports Betting & iGaming ETF without committing to a direction. Roundhill Sports Betting & iGaming ETF'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 BETZ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BETZ 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 Roundhill Sports Betting & iGaming ETF 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 BETZ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Roundhill believes that an improving regulatory environment results in a compelling investment thesis for sports betting and iGaming companies. The Roundhill Sports Betting & iGaming ETF (“BETZ”) is the world’s largest gambling ETF. BETZ seeks to track the performance of the Morningstar Sports Betting & iGaming Select Index.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BETZ straddle is the cleanest expression of that view. Our scanner prices every BETZ 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 BETZ straddle into a catalyst or short a BETZ straddle to harvest decay, the options straddle setups that matter are all in one place.
