Trading a FITE straddle lets you take a pure volatility position on State Street SPDR S&P Kensho Future Security ETF without committing to a direction. State Street SPDR S&P Kensho Future Security 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 FITE straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FITE 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 S&P Kensho Future Security 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 FITE straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P Kensho Future Security ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Future Security Index (the "Index")Seeks to track an index that is designed to capture companies whose products and services are driving innovation behind future security, which includes the areas of cyber security, advanced border security, and the following areas for military application: robotics, drones and drone technologies, space technology, wearable technologies and virtual or augmented reality activitiesMay provide an effective way to invest in a portfolio of companies involved in the future of warfare and a nation's security
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FITE straddle is the cleanest expression of that view. Our scanner prices every FITE 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 FITE straddle into a catalyst or short a FITE straddle to harvest decay, the options straddle setups that matter are all in one place.
