iShares 25+ Year Treasury STRIPS Bond ETF (GOVZ) Straddle

Trading a GOVZ straddle lets you take a pure volatility position on iShares 25+ Year Treasury STRIPS Bond ETF without committing to a direction. iShares 25+ Year Treasury STRIPS Bond 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 GOVZ straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on GOVZ 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 iShares 25+ Year Treasury STRIPS Bond 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 GOVZ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The iShares 25+ Year Treasury STRIPS Bond ETF seeks to track the investment results of an index composed of the principal payments of U.S. Treasury bonds (specifically principal “STRIPS”, also known as “Separate Trading of Registered Interest and Principal Securities”) with remaining maturities of at least 25 years.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the GOVZ straddle is the cleanest expression of that view. Our scanner prices every GOVZ 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 GOVZ straddle into a catalyst or short a GOVZ straddle to harvest decay, the options straddle setups that matter are all in one place.