Trading a URNJ straddle lets you take a pure volatility position on Sprott Junior Uranium Miners ETF without committing to a direction. Sprott Junior Uranium Miners 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 URNJ straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on URNJ 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 Sprott Junior Uranium Miners 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 URNJ straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund will, under normal circumstances, invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from (i) mining, exploration, development, and production of uranium; (ii) earning uranium royalties; and/or (iii) supplying uranium. The index generally consists of from 30 to 40 constituents. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the URNJ straddle is the cleanest expression of that view. Our scanner prices every URNJ 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 URNJ straddle into a catalyst or short a URNJ straddle to harvest decay, the options straddle setups that matter are all in one place.
