State Street SPDR Portfolio Long Term Treasury ETF (SPTL) Straddle

Trading a SPTL straddle lets you take a pure volatility position on State Street SPDR Portfolio Long Term Treasury ETF without committing to a direction. State Street SPDR Portfolio Long Term Treasury 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 SPTL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SPTL 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 Portfolio Long Term Treasury 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 SPTL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The State Street SPDR Portfolio Long Term Treasury ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Bloomberg Long U.S. Treasury Index (the "Index")One of the low cost core State Street SPDR Portfolio ETFs, a suite of portfolio building blocks designed to provide broad, diversified exposure to core asset classesA low cost ETF that seeks to offer precise, comprehensive exposure to US Treasuries with remaining maturities of 10 or more yearsMay be more sensitive to interest rate fluctuations than vehicles with shorter duration, and is market cap weighted and reconstituted on the last business day of the month

Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPTL straddle is the cleanest expression of that view. Our scanner prices every SPTL 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 SPTL straddle into a catalyst or short a SPTL straddle to harvest decay, the options straddle setups that matter are all in one place.