State Street SPDR S&P International Small Cap ETF (GWX) Straddle

Trading a GWX straddle lets you take a pure volatility position on State Street SPDR S&P International Small Cap ETF without committing to a direction. State Street SPDR S&P International Small Cap 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 GWX straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on GWX 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 International Small Cap 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 GWX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The State Street SPDR S&P International Small Cap ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Developed Ex-U.S. Under USD2 Billion Index (the "Index")Seeks to provide transparent access to developed small cap global markets outside the United StatesTo be included in the Index, a publicly listed company must have a total market capitalization between $100 million and $2 billion, and be located in a country that meets the BMI Developed World Series criteria

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