Tracking the BTAL expected move helps you see how far AGF U.S. Market Neutral Anti-Beta Fund's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. AGF U.S. Market Neutral Anti-Beta Fund's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the BTAL expected move for this week's options, in real time.
The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For BTAL, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The BTAL expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks AGF U.S. Market Neutral Anti-Beta Fund is unlikely to go.
The fund will invest primarily in long positions in low beta U.S. equities and short positions in high beta U.S. equities on a dollar neutral basis, within sectors. It will construct a dollar neutral portfolio of long and short positions of U.S. equities by investing primarily in the constituent securities of the Dow Jones U.S. Thematic Market Neutral Low Beta Index in approximately the same weight as they appear in the index. The universe for the index is comprised of the top 1,000 eligible securities by market capitalization, including REITs.
Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the BTAL expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The AGF U.S. Market Neutral Anti-Beta Fund expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about BTAL.
