Trading a FBTC straddle lets you take a pure volatility position on Fidelity Wise Origin Bitcoin Fund without committing to a direction. Fidelity Wise Origin Bitcoin 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 FBTC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FBTC 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 Fidelity Wise Origin Bitcoin 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 FBTC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Get easier exposure to the price of bitcoin—without buying bitcoin directly—in most brokerage, trust, and IRA accounts.1. This product is for investors with a high risk tolerance and invests solely in bitcoin, which is highly volatile and could become illiquid. Investors could lose their entire investment. FBTC is not a traditional ETF registered under the Investment Company Act of 1940.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FBTC straddle is the cleanest expression of that view. Our scanner prices every FBTC 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 FBTC straddle into a catalyst or short a FBTC straddle to harvest decay, the options straddle setups that matter are all in one place.
