Trading a GBTC straddle lets you take a pure volatility position on Grayscale Bitcoin Trust without committing to a direction. Grayscale Bitcoin 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 GBTC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GBTC 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 Grayscale Bitcoin 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 GBTC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Grayscale Bitcoin Trust ETF is solely and passively invested in Bitcoin. Its investment objective is to reflect the value of Bitcoin held by the Trust, less expenses and other liabilities. Bitcoin is a digital asset that is created and transmitted through the operations of the peer-to-peer Bitcoin Network, a decentralized network of computers that operates on cryptographic protocols. The Bitcoin Network allows people to exchange tokens of value, Bitcoins, which are recorded on a public transaction ledger known as a Blockchain.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GBTC straddle is the cleanest expression of that view. Our scanner prices every GBTC 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 GBTC straddle into a catalyst or short a GBTC straddle to harvest decay, the options straddle setups that matter are all in one place.
