Trading a JOET straddle lets you take a pure volatility position on Virtus Terranova U.S. Quality Momentum ETF without committing to a direction. Virtus Terranova U.S. Quality Momentum 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 JOET straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on JOET 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 Virtus Terranova U.S. Quality Momentum 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 JOET straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Fund strives to deliver exposure to U.S.-listed large-cap companies that combine strong quality fundamentals with positive momentum technical trends. The Fund seeks investment results that correspond, before fees and expenses, to the performance of the Terranova U.S. Quality Momentum Index. Joe Terranova , Senior Managing Director and Chief Market Strategist for Virtus Investment Partners, created and developed the Terranova U.S. Quality Momentum Index, whose methodology reflects the investing principles he has utilized to assess markets throughout his 30+ year career on Wall Street. Indxx, LLC is the index provider and calculation agent.
The portfolio managers are affiliated with Virtus Investment Advisers, LLC, the Fund's adviser.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the JOET straddle is the cleanest expression of that view. Our scanner prices every JOET 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 JOET straddle into a catalyst or short a JOET straddle to harvest decay, the options straddle setups that matter are all in one place.
