Trading a ONLN straddle lets you take a pure volatility position on ProShares Online Retail ETF without committing to a direction. ProShares Online Retail 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 ONLN straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ONLN 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 ProShares Online Retail 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 ONLN straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index. The index is designed to measure the performance of publicly traded companies that principally sell online or through other non-store sales channels, such as through mobile or app purchases, rather than through "brick and mortar" store locations. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ONLN straddle is the cleanest expression of that view. Our scanner prices every ONLN 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 ONLN straddle into a catalyst or short a ONLN straddle to harvest decay, the options straddle setups that matter are all in one place.
