KraneShares KWEB Covered Call Strategy ETF (KLIP) Straddle

Trading a KLIP straddle lets you take a pure volatility position on KraneShares KWEB Covered Call Strategy ETF without committing to a direction. KraneShares KWEB Covered Call Strategy 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 KLIP straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on KLIP 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 KraneShares KWEB Covered Call Strategy 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 KLIP 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 net assets in the component securities of the CSI Overseas China Internet Index or in instruments that have economic characteristics similar to those in the index and writes covered call options on the index or in instruments that have economic characteristics similar to writing covered call options on the index. Currently, the adviser intends to invest in KraneShares CSI China Internet ETF (“underlying fund”) and to write (sell) covered call options on the underlying fund. The fund is non-diversified.

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