NYLIM Hedge Multi-Strategy Tracker ETF (QAI) Straddle

Trading a QAI straddle lets you take a pure volatility position on NYLIM Hedge Multi-Strategy Tracker ETF without committing to a direction. NYLIM Hedge Multi-Strategy Tracker 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 QAI straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on QAI 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 NYLIM Hedge Multi-Strategy Tracker 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 QAI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

NYLI Hedge Multi-Strategy Tracker ETF (QAI) seeks investment results that track, before fees and expenses, the price and yield performance of NYLI Hedge Multi-Strategy Index. NYLI Hedge Multi-Strategy Index attempts to replicate the risk-return characteristics of hedge funds generally. The Fund does not invest in hedge funds, and the index does not include hedge fund components. The Fund is not suitable for all investors.

Earnings, product cycles, macro prints — any time volatility itself is the trade, the QAI straddle is the cleanest expression of that view. Our scanner prices every QAI 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 QAI straddle into a catalyst or short a QAI straddle to harvest decay, the options straddle setups that matter are all in one place.