Trading a BITS straddle lets you take a pure volatility position on Global X Blockchain & Bitcoin Strategy ETF without committing to a direction. Global X Blockchain & Bitcoin Strategy 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 BITS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BITS 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 Global X Blockchain & Bitcoin Strategy 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 BITS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Global X Blockchain & Bitcoin Strategy ETF (BITS) seeks to achieve long-term capital appreciation.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BITS straddle is the cleanest expression of that view. Our scanner prices every BITS 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 BITS straddle into a catalyst or short a BITS straddle to harvest decay, the options straddle setups that matter are all in one place.
