Trading a MMTM straddle lets you take a pure volatility position on State Street SPDR S&P 1500 Momentum Tilt ETF without committing to a direction. State Street SPDR S&P 1500 Momentum Tilt 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 MMTM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MMTM 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 1500 Momentum Tilt 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 MMTM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P 1500 Momentum Tilt ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P1500 Positive Momentum Tilt Index (the "Index").The Index includes stocks exhibiting the strongest momentum characteristics based on price performance over the eleven months ending one month before the Index rebalancing date. The Index will overweight stocks with relatively high momentum and underweight stocks with relatively low momentum.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MMTM straddle is the cleanest expression of that view. Our scanner prices every MMTM 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 MMTM straddle into a catalyst or short a MMTM straddle to harvest decay, the options straddle setups that matter are all in one place.
