Trading a FXY straddle lets you take a pure volatility position on Invesco CurrencyShares Japanese Yen Trust without committing to a direction. Invesco CurrencyShares Japanese Yen Trust'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 FXY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FXY 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 Invesco CurrencyShares Japanese Yen Trust 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 FXY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco CurrencyShares Japanese Yen Trust (the "trust") is designed to track the price of the Japanese yen, and trades under the ticker symbol FXY. The Japanese yen is the national currency of Japan and the currency of the accounts of the Bank of Japan, the Japanese central bank.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FXY straddle is the cleanest expression of that view. Our scanner prices every FXY 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 FXY straddle into a catalyst or short a FXY straddle to harvest decay, the options straddle setups that matter are all in one place.
