Trading a NANR straddle lets you take a pure volatility position on State Street SPDR S&P North American Natural Resources ETF without committing to a direction. State Street SPDR S&P North American Natural Resources 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 NANR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NANR 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 North American Natural Resources 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 NANR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P North American Natural Resources ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P BMI North American Natural Resources Index (the "Index")Seeks to provide exposure to U.S. and Canadian publicly traded large and mid cap companies within the sub-industries of the energy, metals & mining or agriculture categoriesAt each quarterly Index rebalancing, the combined weight of securities of companies in the energy, metals & mining and agriculture categories are set at 45%, 35% and 20%, respectively
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NANR straddle is the cleanest expression of that view. Our scanner prices every NANR 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 NANR straddle into a catalyst or short a NANR straddle to harvest decay, the options straddle setups that matter are all in one place.
