Trading a GDXW straddle lets you take a pure volatility position on Roundhill Gold Miners WeeklyPay ETF without committing to a direction. Roundhill Gold Miners WeeklyPay 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 GDXW straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GDXW 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 Roundhill Gold Miners WeeklyPay 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 GDXW straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Roundhill Gold Miners WeeklyPay ETF (“GDXW”) is designed for investors seeking a combination of income and growth potential. GDXW aims to provide weekly distributions and calendar week returns, before fees and expenses, equal to 1.2 times (120%) the calendar week total return of the VanEck Gold Miners ETF (NYSE Arca: GDX) (the “Gold Miners ETF”). GDXW is an actively-managed ETF.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GDXW straddle is the cleanest expression of that view. Our scanner prices every GDXW 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 GDXW straddle into a catalyst or short a GDXW straddle to harvest decay, the options straddle setups that matter are all in one place.
