WisdomTree Japan Hedged Equity Fund (DXJ) Straddle

Trading a DXJ straddle lets you take a pure volatility position on WisdomTree Japan Hedged Equity Fund without committing to a direction. WisdomTree Japan Hedged Equity 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 DXJ straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on DXJ 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 Japan Hedged Equity 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 DXJ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. The fund is non-diversified.

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