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