Trading a ONEV straddle lets you take a pure volatility position on State Street SPDR Russell 1000 Low Volatility Focus ETF without committing to a direction. State Street SPDR Russell 1000 Low Volatility Focus 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 ONEV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ONEV 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 Russell 1000 Low Volatility Focus 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 ONEV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR Russell 1000 Low Volatility Focus ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Russell 1000 Low Volatility Focused Factor Index (the "Index")Seeks to harness the full power of factor investing to meet specific investor objectives and address some of the main motivations for using smart beta: in the case of ONEV, downside protection (volatility)The specific focus on stocks which exhibit low volatility potentially enables investors a method to mitigate volatility and offer downside protection within portfoliosMulti-factor smart beta strategies can bridge the gap between active and passive management, providing an opportunity for investors to rethink exposures and potentially maximize risk-adjusted returns more efficiently
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ONEV straddle is the cleanest expression of that view. Our scanner prices every ONEV 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 ONEV straddle into a catalyst or short a ONEV straddle to harvest decay, the options straddle setups that matter are all in one place.
