Janus Henderson Mortgage-Backed Securities ETF (JMBS) Straddle

Trading a JMBS straddle lets you take a pure volatility position on Janus Henderson Mortgage-Backed Securities ETF without committing to a direction. Janus Henderson Mortgage-Backed Securities 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 JMBS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on JMBS 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 Janus Henderson Mortgage-Backed Securities 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 JMBS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund seeks to achieve its investment objective by investing mainly in mortgage-related instruments. Under normal circumstances, it will invest at least 80%, and often times substantially all, of its net assets (plus any borrowings for investment purposes) in a portfolio of mortgage-related fixed income instruments of varying maturities. Additionally, the fund may invest in derivatives.

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