WisdomTree Interest Rate Hedged High Yield Bond Fund (HYZD) Straddle

Trading a HYZD straddle lets you take a pure volatility position on WisdomTree Interest Rate Hedged High Yield Bond Fund without committing to a direction. WisdomTree Interest Rate Hedged High Yield Bond Fund'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 HYZD straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on HYZD 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 WisdomTree Interest Rate Hedged High Yield Bond Fund 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 HYZD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The index is designed to provide long exposure to the performance of selected issuers in the U.S. non-investment-grade corporate bond ("junk bonds") market that are deemed to have favorable fundamental and income characteristics while seeking to manage interest rate risk through the use of short positions in U.S. treasury securities. The fund is non-diversified.

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