Trading a HAIL straddle lets you take a pure volatility position on State Street SPDR S&P Kensho Smart Mobility ETF without committing to a direction. State Street SPDR S&P Kensho Smart Mobility 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 HAIL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on HAIL 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 Kensho Smart Mobility 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 HAIL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P Kensho Smart Mobility ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho Smart Transportation Index (the "Index")Seeks to track an index that is designed to capture companies whose products and services are driving innovation behind smart transportation, which includes the areas of autonomous and connected vehicle technology, drones and drone technologies used for commercial and civilian applications, and advanced transportation tracking and transport optimization systemsMay provide an effective way to invest in a portfolio of companies involved in the step changes currently underway in how people and goods will be transported in the near future
Earnings, product cycles, macro prints — any time volatility itself is the trade, the HAIL straddle is the cleanest expression of that view. Our scanner prices every HAIL 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 HAIL straddle into a catalyst or short a HAIL straddle to harvest decay, the options straddle setups that matter are all in one place.
