Trading a BTCW straddle lets you take a pure volatility position on WisdomTree Bitcoin Fund without committing to a direction. WisdomTree Bitcoin 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 BTCW straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on BTCW 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 WisdomTree Bitcoin 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 BTCW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
In seeking to achieve its investment objective, the trust will hold bitcoin and will value its shares daily based on the value of bitcoin as reflected by the CME CF Bitcoin Reference Rate – New York Variant (the “Reference Rate”), which is an independently calculated value based on an aggregation of executed trade flow of major bitcoin spot platforms.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the BTCW straddle is the cleanest expression of that view. Our scanner prices every BTCW 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 BTCW straddle into a catalyst or short a BTCW straddle to harvest decay, the options straddle setups that matter are all in one place.
