Trading a CRPT straddle lets you take a pure volatility position on First Trust SkyBridge Crypto Industry and Digital Economy ETF without committing to a direction. First Trust SkyBridge Crypto Industry and Digital Economy 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 CRPT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CRPT 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 First Trust SkyBridge Crypto Industry and Digital Economy 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 CRPT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The First Trust SkyBridge Crypto Industry and Digital Economy ETF's (the "Fund") investment objective is to provide investors with capital appreciation. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any investment borrowings) in the common stocks and American Depositary Receipts ("ADRs") of Crypto Industry Companies, including Bitcoin Exchange-Traded Products, and Digital Economy Companies. Under normal market conditions, the Fund will invest at least 50% of its net assets (plus any investment borrowings) in Crypto Industry Companies. The remainder of the Fund's net assets used to satisfy the 80% test set forth above will be invested in Digital Economy Companies.
The Fund generally intends to invest up to 25% of its net assets in Bitcoin Exchange-Traded Products; however, at certain times, the Fund may invest more than 25% of its net assets in Bitcoin Exchange-Traded Products.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CRPT straddle is the cleanest expression of that view. Our scanner prices every CRPT 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 CRPT straddle into a catalyst or short a CRPT straddle to harvest decay, the options straddle setups that matter are all in one place.
