Day Hagan Smart Sector ETF (SSUS) Straddle

Trading a SSUS straddle lets you take a pure volatility position on Day Hagan Smart Sector ETF without committing to a direction. Day Hagan Smart Sector 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 SSUS straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on SSUS 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 Day Hagan Smart Sector 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 SSUS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund is considered a "fund of funds" that, under normal market conditions, seeks to achieve its investment objective by principally investing in unaffiliated equity exchange traded funds ("ETFs") that track the performance of the individual sectors ("Sectors") of the S&P 500 Index. The Advisor will attempt to enhance returns relative to the index by overweighting and underweighting its exposure to the Sectors relative to the index and may reduce its overall exposure to ETFs as determined by its risk management model. It is non-diversified.

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