Trading a QQQA straddle lets you take a pure volatility position on ProShares Nasdaq-100 Dorsey Wright Momentum ETF without committing to a direction. ProShares Nasdaq-100 Dorsey Wright Momentum 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 QQQA straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on QQQA 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 Nasdaq-100 Dorsey Wright Momentum 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 QQQA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The index, which is constructed and maintained by Dorsey, Wright & Associates, LLC (Dorsey Wright), consists of 21 securities from the Nasdaq-100 Index with the highest price momentum. The fund will invest principally in the Equities and Depositary Receipts which principally include ADRs. It will concentrate or focus its investments in a particular industry or group of industries, country or region to approximately the same extent the index is so concentrated or focused. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the QQQA straddle is the cleanest expression of that view. Our scanner prices every QQQA 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 QQQA straddle into a catalyst or short a QQQA straddle to harvest decay, the options straddle setups that matter are all in one place.
