Trading a COPP straddle lets you take a pure volatility position on Sprott Copper Miners ETF without committing to a direction. Sprott Copper Miners 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 COPP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on COPP 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 Sprott Copper Miners 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 COPP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, and production of copper. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the COPP straddle is the cleanest expression of that view. Our scanner prices every COPP 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 COPP straddle into a catalyst or short a COPP straddle to harvest decay, the options straddle setups that matter are all in one place.
