VanEck International High Yield Bond ETF (IHY) Straddle

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

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

The VanEck International High Yield Bond ETF (IHY) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE BofA Global ex-US Issuers High Yield Constrained Index (HXUS), which is comprised of U.S. dollar, Canadian dollar, pound sterling, and euro denominated below investment grade corporate bonds issued by non-U.S. corporations in the major domestic or Eurobond markets.

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