Global X U.S. 500 Income Edge ETF (EDGX) Straddle

Trading a EDGX straddle lets you take a pure volatility position on Global X U.S. 500 Income Edge ETF without committing to a direction. Global X U.S. 500 Income Edge 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 EDGX straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on EDGX 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 Global X U.S. 500 Income Edge 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 EDGX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Fund seeks to provide current income and exposure to the Solactive GBS United States 500 Index. The Fund seeks to generate weekly income by selling call options and to provide exposure to the Index by investing in the equity securities that comprise the Reference Index and ETFs that share economic characteristics.

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