WisdomTree Emerging Market Local Debt Fund (ELD) Straddle

Trading a ELD straddle lets you take a pure volatility position on WisdomTree Emerging Market Local Debt Fund without committing to a direction. WisdomTree Emerging Market Local Debt 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 ELD straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on ELD 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 Emerging Market Local Debt 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 ELD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund seeks to achieve its investment objective through investment in bonds and other debt instruments denominated in the local currencies of emerging market countries. Under normal circumstances, it will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in Local Debt. The Advisor attempts to maintain an aggregate portfolio duration of between two and ten years under normal market conditions. The fund is non-diversified.

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