State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF (EFAX) Straddle

Trading a EFAX straddle lets you take a pure volatility position on State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF without committing to a direction. State Street SPDR MSCI EAFE Fossil Fuel Reserves Free 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 EFAX straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on EFAX 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 State Street SPDR MSCI EAFE Fossil Fuel Reserves Free 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 EFAX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The State Street SPDR MSCI EAFE Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the MSCI EAFE ex Fossil Fuels Index (the "Index")First ever international developed markets fossil fuel reserves free ETFSeeks to offer climate-conscious investors exposure to international equities while limiting exposure to companies owning fossil fuel reservesFor investors interested in minimizing fossil fuel reserves exposure from their portfolio, EFAX may serve as an alternative to traditional international developed markets exposure

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