Trading a ICVT straddle lets you take a pure volatility position on iShares Convertible Bond ETF without committing to a direction. iShares Convertible 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 ICVT straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ICVT 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 iShares Convertible 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 ICVT straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The iShares Convertible Bond ETF seeks to track the investment results of an index composed of U.S. dollar-denominated convertible securities, specifically cash pay bonds, with outstanding issue sizes greater than $250 million.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ICVT straddle is the cleanest expression of that view. Our scanner prices every ICVT 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 ICVT straddle into a catalyst or short a ICVT straddle to harvest decay, the options straddle setups that matter are all in one place.
