Trading a MNRS straddle lets you take a pure volatility position on Grayscale Bitcoin Miners ETF without committing to a direction. Grayscale Bitcoin Miners 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 MNRS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on MNRS 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 Grayscale Bitcoin Miners 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 MNRS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Grayscale Bitcoin Miners ETF (Ticker: MNRS) seeks to invest in and provide exposure to Bitcoin Miners and the Bitcoin Mining ecosystem. MNRS offers investors access to the bitcoin mining industry, a key component of the greater Bitcoin ecosystem. MNRS provides focused exposure to globally listed Bitcoin Mining companies that serve as the backbone of the Bitcoin network. MNRS seeks to track the performance, before fees and expenses, of the Indxx Bitcoin Miners Index.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the MNRS straddle is the cleanest expression of that view. Our scanner prices every MNRS 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 MNRS straddle into a catalyst or short a MNRS straddle to harvest decay, the options straddle setups that matter are all in one place.
