GraniteShares HIPS US High Income ETF (HIPS) Straddle

Trading a HIPS straddle lets you take a pure volatility position on GraniteShares HIPS US High Income ETF without committing to a direction. GraniteShares HIPS US High Income 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 HIPS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on HIPS 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 GraniteShares HIPS US High Income 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 HIPS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The GraniteShares HIPS US High Income ETF seeks to track the performance, before fees and expenses, of the EQM High Income Pass-Through Securities Index*.

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