Trading a SATO straddle lets you take a pure volatility position on Invesco Alerian Galaxy Crypto Economy ETF without committing to a direction. Invesco Alerian Galaxy Crypto Economy 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 SATO straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SATO 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 Invesco Alerian Galaxy Crypto Economy 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 SATO straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Invesco Galaxy Crypto Economy ETF (Fund) is based on the Alerian Galaxy Global Cryptocurrency-Focused Blockchain Equity, Trusts and ETPs Index (Index). The Fund will generally invest 80% of its total net assets in securities that comprise the Index. The Index is comprised of stocks of digital asset companies, which are companies that are materially engaged in cryptocurrency, cryptocurrency mining, cryptocurrency buying, or enabling technologies and exchange-traded products (“ETPs”) and private investment trusts traded over-the-counter that are linked to cryptocurrencies. The Index is computed using the net return, which withholds applicable taxes for non-resident investors.
The Fund and Index are rebalanced monthly.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SATO straddle is the cleanest expression of that view. Our scanner prices every SATO 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 SATO straddle into a catalyst or short a SATO straddle to harvest decay, the options straddle setups that matter are all in one place.
