JPMorgan Ultra-Short Municipal Income ETF (JMST) Straddle

Trading a JMST straddle lets you take a pure volatility position on JPMorgan Ultra-Short Municipal Income ETF without committing to a direction. JPMorgan Ultra-Short Municipal Income 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 JMST straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on JMST 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 JPMorgan Ultra-Short Municipal Income 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 JMST straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Under normal circumstances, the fund invests at least 80% of its assets in municipal securities, the income from which is exempt from federal income tax. For purposes of this policy, "Assets" means net assets, plus the amount of borrowings for investment purposes. Up to 100% of the fund's assets may be invested in short-term municipal instruments such as variable rate demand notes, short-term municipal notes and tax-exempt commercial paper.

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