Schwab International Dividend Equity ETF (SCHY) Straddle

Trading a SCHY straddle lets you take a pure volatility position on Schwab International Dividend Equity ETF without committing to a direction. Schwab International Dividend 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 SCHY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SCHY 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 Schwab International Dividend 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 SCHY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund’s goal is to track as closely as possible, before fees and expenses, the total return of an index composed of high dividend yielding stocks issued by companies outside the United States.

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