State Street SPDR Bloomberg International Corporate Bond ETF (IBND) Straddle

Trading a IBND straddle lets you take a pure volatility position on State Street SPDR Bloomberg International Corporate Bond ETF without committing to a direction. State Street SPDR Bloomberg International Corporate 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 IBND straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on IBND 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 Bloomberg International Corporate 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 IBND straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The SPDRBloomberg International Corporate Bond ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Global Aggregate ex-USD > $1B: Corporate Bond IndexSeeks to provide a broad exposure to the global investment grade, fixed rate, fixed income corporate markets outside the United StatesThe securities in the Index must have a $1 billion USD equivalent market capitalization outstanding, have at least 1 year remaining, must be fixed rate (although zero coupon bonds and step-ups are permitted) and must be rated investment gradeMarket cap weighted and reconstituted on the last business day of the month

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