Trading a SMLV straddle lets you take a pure volatility position on State Street SPDR US Small Cap Low Volatility Index ETF without committing to a direction. State Street SPDR US Small Cap Low Volatility Index 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 SMLV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SMLV 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 State Street SPDR US Small Cap Low Volatility Index 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 SMLV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR US Small Cap Low Volatility Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the State Street US Small Cap Low Volatility Index (the "Index")The index constituents are a subset of the 2000 U.S. stocks list on a U.S. exchange whose market capitalizations rank from 1,001 to 3,000 as of the Index rebalance dateIndex utilizes a rules based process that seeks to increase exposure to stocks in the Index universe that exhibit low volatilityThe index weights securities such that securities with the lower volatility receive the highest weights, subject to liquidity constraints
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SMLV straddle is the cleanest expression of that view. Our scanner prices every SMLV 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 SMLV straddle into a catalyst or short a SMLV straddle to harvest decay, the options straddle setups that matter are all in one place.
