Trading a NCIQ straddle lets you take a pure volatility position on Hashdex Nasdaq CME Crypto Index ETF without committing to a direction. Hashdex Nasdaq CME Crypto Index 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 NCIQ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on NCIQ 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 Hashdex Nasdaq CME Crypto Index 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 NCIQ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
NCIQ tracks an index reflecting the two most well-known crypto assets, bitcoin (BTH) and ether (ETH). To achieve its investment objective, the fund will not utilize leverage or derivatives and instead invests directly in spot bitcoin and spot ether. It will also maintain cash balances to cover its expenses. The fund employs a market cap-weighted strategy and allocates its assets to both the cryptocurrencies in the same proportions as the index. It will not invest in crypto securities, tokenized assets, or stablecoins. Note that the fund is riskier than other ETPs indirectly holding digital assets because of the high price volatility of crypto asset markets.
Additionally, the funds underlying index has a rules-based methodology which has the possibility of including more assets in the future depending on SEC approval. The index is rebalanced quarterly.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the NCIQ straddle is the cleanest expression of that view. Our scanner prices every NCIQ 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 NCIQ straddle into a catalyst or short a NCIQ straddle to harvest decay, the options straddle setups that matter are all in one place.
