Trading a MJ straddle lets you take a pure volatility position on Amplify Alternative Harvest ETF without committing to a direction. Amplify Alternative Harvest 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 MJ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MJ 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 Amplify Alternative Harvest 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 MJ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Amplify Alternative Harvest ETF (MJ) seeks investment results that generally correlate (before fees and expenses) to the total return performance of the Prime Alternative Harvest Index. MJ tracks a portfolio of companies within the cannabis ecosystem benefitting from global medicinal and recreational cannabis legalization initiatives.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MJ straddle is the cleanest expression of that view. Our scanner prices every MJ 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 MJ straddle into a catalyst or short a MJ straddle to harvest decay, the options straddle setups that matter are all in one place.
