State Street SPDR Bloomberg 3-12 Month T-Bill ETF (BILS) Straddle

Trading a BILS straddle lets you take a pure volatility position on State Street SPDR Bloomberg 3-12 Month T-Bill ETF without committing to a direction. State Street SPDR Bloomberg 3-12 Month T-Bill 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 BILS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on BILS 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 State Street SPDR Bloomberg 3-12 Month T-Bill 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 BILS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The State Street SPDR Bloomberg 3-12 Month T-Bill ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg 3-12 Month U.S. Treasury Bill Index (the "Index")Seeks to provide exposure to publicly issued U.S. Treasury Bills that have remaining maturities between 3 and 12 monthsShort duration fixed income is less exposed to fluctuations in interest rates than longer duration securitiesRebalanced on the last business day of the month

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