Trading a LEGR straddle lets you take a pure volatility position on First Trust Indxx Innovative Transaction & Process ETF without committing to a direction. First Trust Indxx Innovative Transaction & Process 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 LEGR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on LEGR 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 First Trust Indxx Innovative Transaction & Process 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 LEGR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The First Trust Indxx Innovative Transaction & Process ETF, seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an index called the Indxx Blockchain Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and depositary receipts that comprise the Index. The Index is designed to track the performance of companies that are either actively using, investing in, developing, or have products that are poised to benefit from blockchain technology and/or the potential for increased efficiency that it provides to various business processes.
The index seeks to include only companies that have devoted material resources to the use of blockchain technologies. The Index is owned and is developed, maintained and sponsored by Indxx, Inc. (the "Index Provider").
Earnings, product cycles, macro prints — any time volatility itself is the trade, the LEGR straddle is the cleanest expression of that view. Our scanner prices every LEGR 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 LEGR straddle into a catalyst or short a LEGR straddle to harvest decay, the options straddle setups that matter are all in one place.
