Stance Sustainable Beta ETF (CHGX) Straddle

Trading a CHGX straddle lets you take a pure volatility position on Stance Sustainable Beta ETF without committing to a direction. Stance Sustainable Beta 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 CHGX straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on CHGX 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 Stance Sustainable Beta 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 CHGX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The index measures the performance of an equal-weighted portfolio of approximately 100 large-, mid-capitalization equity securities of U.S.-listed companies. The fund adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The adviser expects that, over time, the correlation between the fund’s performance and that of the index will be 95% or better.

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