VanEck Emerging Markets High Yield Bond ETF (HYEM) Straddle

Trading a HYEM straddle lets you take a pure volatility position on VanEck Emerging Markets High Yield Bond ETF without committing to a direction. VanEck Emerging Markets High Yield 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 HYEM straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on HYEM 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 VanEck Emerging Markets High Yield 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 HYEM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The VanEck Emerging Markets High Yield Bond ETF (HYEM) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Diversified High Yield US Emerging Markets Corporate Plus Index (EMLH), which is comprised of U.S. dollar-denominated bonds issued by non-sovereign emerging markets issuers that are rated below investment grade and that are issued in the major domestic and Eurobond markets.

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