Trading a ION straddle lets you take a pure volatility position on ProShares S&P Global Core Battery Metals ETF without committing to a direction. ProShares S&P Global Core Battery Metals 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 ION straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ION 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 ProShares S&P Global Core Battery Metals 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 ION straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The index consists of companies that had (i) positive total revenue and (ii) positive production value from, in aggregate, the mining of lithium, nickel and cobalt during the previous year. Production value is the dollar market value of the lithium, nickel or cobalt produced. Under normal circumstances, the fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in the securities that comprise the index. It is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ION straddle is the cleanest expression of that view. Our scanner prices every ION 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 ION straddle into a catalyst or short a ION straddle to harvest decay, the options straddle setups that matter are all in one place.
