Trading a BTCO straddle lets you take a pure volatility position on Invesco Galaxy Bitcoin ETF without committing to a direction. Invesco Galaxy Bitcoin 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 BTCO straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BTCO 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 Invesco Galaxy Bitcoin 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 BTCO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Invesco Galaxy Bitcoin ETF (the “Trust”) is an exchange-traded product that issues common shares of beneficial interest (the “Shares”) that trade on Cboe BZX (the “Exchange”) under the ticker symbol “BTCO”. The Trust’s investment objective is to reflect the performance of the spot price of bitcoin as measured using Lukka Prime Reference Rate (the “Benchmark”), less the Trust’s expenses and other liabilities.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BTCO straddle is the cleanest expression of that view. Our scanner prices every BTCO 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 BTCO straddle into a catalyst or short a BTCO straddle to harvest decay, the options straddle setups that matter are all in one place.
