Trading a MAGX straddle lets you take a pure volatility position on Roundhill Daily 2X Long Magnificent Seven ETF without committing to a direction. Roundhill Daily 2X Long 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 MAGX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MAGX 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 Daily 2X Long 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 MAGX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Roundhill Daily 2X Long Magnificent Seven ETF (the “Fund”) seeks daily leveraged investment results, before fees and expenses, that correspond to two times (2X) the performance of the Roundhill Magnificent Seven ETF (the “Magnificent Seven ETF”). The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify the daily performance of the Magnificent Seven ETF. The Fund has a daily leveraged investment objective and the Fund’s performance for periods greater than a trading day will be the result of each day’s returns compounded over the period, which is very likely to differ from two times (2X) the Magnificent Seven ETF’s performance, before fees and expenses.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MAGX straddle is the cleanest expression of that view. Our scanner prices every MAGX 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 MAGX straddle into a catalyst or short a MAGX straddle to harvest decay, the options straddle setups that matter are all in one place.
