Trading a SPRX straddle lets you take a pure volatility position on Spear Alpha ETF without committing to a direction. Spear Alpha 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 SPRX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPRX 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 Spear Alpha 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 SPRX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund is an actively-managed exchange-traded fund (“ETF”) that will invest primarily in equity securities, including common stock or American depositary receipts (“ADRs”) of companies that Spear Advisors LLC (the “Adviser”) believes are poised to benefit from breakthrough innovation in industrial technology. The Adviser defines innovations in industrial technology as those technological developments that are transforming or have the potential to transform the industrial sector. It is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPRX straddle is the cleanest expression of that view. Our scanner prices every SPRX 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 SPRX straddle into a catalyst or short a SPRX straddle to harvest decay, the options straddle setups that matter are all in one place.
