Trading a KOMP straddle lets you take a pure volatility position on State Street SPDR S&P Kensho New Economies Composite ETF without committing to a direction. State Street SPDR S&P Kensho New Economies Composite 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 KOMP straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on KOMP 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 State Street SPDR S&P Kensho New Economies Composite 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 KOMP straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P Kensho New Economies Composite ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Kensho New Economies Composite Index (the "Index")Seeks to track an index utilizing artificial intelligence and a quantitative weighting methodology to pursue the potential of a new economy fueled by innovative companies disrupting traditional industries by leveraging advancements in exponential processing power, artificial intelligence, robotics, and automationMay provide an effective way to pursue long-term growth potential by targeting companies within the sectors driving innovation within the new economy
Earnings, product cycles, macro prints — any time volatility itself is the trade, the KOMP straddle is the cleanest expression of that view. Our scanner prices every KOMP 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 KOMP straddle into a catalyst or short a KOMP straddle to harvest decay, the options straddle setups that matter are all in one place.
