Trading a MAGS straddle lets you take a pure volatility position on Roundhill Magnificent Seven ETF without committing to a direction. Roundhill Magnificent Seven 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 MAGS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MAGS 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 Roundhill Magnificent Seven 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 MAGS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MAGS straddle is the cleanest expression of that view. Our scanner prices every MAGS 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 MAGS straddle into a catalyst or short a MAGS straddle to harvest decay, the options straddle setups that matter are all in one place.
