Trading a ORR straddle lets you take a pure volatility position on Militia Long/Short Equity ETF without committing to a direction. Militia Long/Short Equity 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 ORR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ORR 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 Militia Long/Short Equity 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 ORR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
ORR is an actively managed ETF aiming for capital appreciation through both long and short equity positions. The long portfolio targets undervalued or growth potential equities, with a focus on developed markets. Long positions may exceed 100% of net assets, capped typically at 150%. Short positions focus on U.S.-listed companies and ETFs expected to decline, influenced by declining future cash flow projections. ORR can have short exposure up to 100% and may include inverse or leveraged ETFs. The fund actively trades positions, resulting in high annual portfolio turnover. The portfolio may also short foreign currencies through currency forward contracts to manage risk.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ORR straddle is the cleanest expression of that view. Our scanner prices every ORR 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 ORR straddle into a catalyst or short a ORR straddle to harvest decay, the options straddle setups that matter are all in one place.
