Trading a SGDJ straddle lets you take a pure volatility position on Sprott Junior Gold Miners ETF without committing to a direction. Sprott Junior Gold Miners 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 SGDJ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SGDJ 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 Sprott Junior Gold Miners 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 SGDJ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund will invest at least 90% of its net assets in securities that comprise the underlying index. The underlying index aims to track the performance of "junior" gold companies primarily located in the U.S., Canada and Australia whose common stock, American Depositary Receipts ("ADRs") or Global Depositary Receipts ("GDRs") are traded on a regulated stock exchange in the form of shares tradeable for foreign investors without any restrictions. It is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SGDJ straddle is the cleanest expression of that view. Our scanner prices every SGDJ 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 SGDJ straddle into a catalyst or short a SGDJ straddle to harvest decay, the options straddle setups that matter are all in one place.
