Trading a GNR straddle lets you take a pure volatility position on State Street SPDR S&P Global Natural Resources ETF without committing to a direction. State Street SPDR S&P Global Natural Resources 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 GNR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on GNR 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 Global Natural Resources 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 GNR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P Global Natural Resources ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Global Natural Resources Index (the "Index")Seeks to provide exposure to a number of the largest market cap securities in three natural resources sectors - agriculture, energy, and metals and miningMaximum weight of each sub-index is capped at one-third of the total weight of the Index
Earnings, product cycles, macro prints — any time volatility itself is the trade, the GNR straddle is the cleanest expression of that view. Our scanner prices every GNR 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 GNR straddle into a catalyst or short a GNR straddle to harvest decay, the options straddle setups that matter are all in one place.
