AGF U.S. Market Neutral Anti-Beta Fund (BTAL) Straddle

Trading a BTAL straddle lets you take a pure volatility position on AGF U.S. Market Neutral Anti-Beta Fund without committing to a direction. AGF U.S. Market Neutral Anti-Beta Fund'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 BTAL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on BTAL 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 AGF U.S. Market Neutral Anti-Beta Fund 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 BTAL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

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.

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