Trading a SPYX straddle lets you take a pure volatility position on State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF without committing to a direction. State Street SPDR S&P 500 Fossil Fuel Reserves Free 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 SPYX straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on SPYX 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 S&P 500 Fossil Fuel Reserves Free 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 SPYX straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P 500 Fossil Fuel Reserves Free ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 500 Fossil Fuel Reserves Free Index (the "Index")Seeks to allow climate change-conscious investors to align the core of their investment strategy with their values by eliminating companies that own fossil fuel reserves from the S&P 500Serves as a potential replacement for current S&P 500 exposure for investors interested in eliminating fossil fuel reserves from their portfolioLike the S&P 500 Index, the benchmark for this ETF also focuses on US large cap equities
Earnings, product cycles, macro prints — any time volatility itself is the trade, the SPYX straddle is the cleanest expression of that view. Our scanner prices every SPYX 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 SPYX straddle into a catalyst or short a SPYX straddle to harvest decay, the options straddle setups that matter are all in one place.
