The SPAC and New Issue ETF (SPCK) Expected Move

Tracking the SPCK expected move helps you see how far The SPAC and New Issue ETF's options market is pricing the stock to travel over a given period — whether that's the next day, week, or earnings cycle. The SPAC and New Issue ETF's expected move is derived directly from option premiums and gives you an objective range to plan trades, set strikes, and manage risk. Use our scanner to monitor the SPCK expected move for this week's options, in real time.

The expected move is typically calculated from at-the-money straddle prices (or a blend of straddles and strangles) and represents roughly a one-standard-deviation range over the chosen timeframe. For SPCK, comparing the implied expected move to actual realized moves over similar windows tells you whether the options market has historically overestimated or underestimated volatility. The SPCK expected move for this week's options pricing is especially useful for short-dated traders, earnings players, and anyone selling premium who needs to know where the market thinks The SPAC and New Issue ETF is unlikely to go.

SPCX is the first actively managed Special Purpose Acquisitions Corporations (SPACs) ETF in the market. The fund seeks capital appreciation by holding a broad portfolio of SPACs or blank check companies and firms that have completed their initial public offering (IPO) within the last two years. SPACs are companies that have no commercial operations or specific business plans and are formed to merge or acquire other businesses. The adviser uses fundamental analysis to identify favorable opportunities and to assess a companys management and business model. Additionally, the fund may invest in depositary receipts and may hold up to 20% of its assets in cash or other short-term debt securities.

Due to frequent trading, SPCX may have a high portfolio turnover rate, which potentially leads to higher trading costs and capital gains distributions. Prior to August 5, 2022, the fund traded under the name The SPAC and New Issue ETF.

Iron condors, weekly premium sales, directional swing trades — they all live or die by where the market thinks the stock won't go. Our scanner tracks the SPCK expected move across every expiration, benchmarks it against realized moves, and shows you when implied ranges are out of line with history. The The SPAC and New Issue ETF expected move for this week's options is the fastest read on short-term risk, which gives you a quick way to interpret what the options market thinks about SPCK.