Trading a PSIL straddle lets you take a pure volatility position on AdvisorShares Psychedelics ETF without committing to a direction. AdvisorShares Psychedelics 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 PSIL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PSIL 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 AdvisorShares Psychedelics 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 PSIL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund is an actively managed ETF that seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets (plus any borrowings for investment purposes) in securities of companies that derive at least 50% of their net revenue from or devote 50% of their assets to psychedelic drugs and derivatives that have economic characteristics similar to such securities. The fund primarily invests in publicly listed life sciences companies focused on psychedelic medicines as well as other companies with activities in the psychedelics business. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PSIL straddle is the cleanest expression of that view. Our scanner prices every PSIL 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 PSIL straddle into a catalyst or short a PSIL straddle to harvest decay, the options straddle setups that matter are all in one place.
