Trading a WDIV straddle lets you take a pure volatility position on State Street SPDR S&P Global Dividend ETF without committing to a direction. State Street SPDR S&P Global Dividend 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 WDIV straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on WDIV 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 Global Dividend 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 WDIV straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR S&P Global Dividend ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return of the S&P Global Dividend Aristocrats Index (the "Index")Seeks to offer exposure to high dividend yielding global firms that follow a managed-dividends policy of having increasing or stable dividends for at least ten consecutive yearsThe Index includes the top 100 qualified stocks with highest indicated dividend yield, with no more than 20 stocks selected from each country and 35 stocks from each GICS sectorThe weight of each Index constituent is capped at 3%, and no single country or GICS sector can be more than 25% of the Index
Earnings, product cycles, macro prints — any time volatility itself is the trade, the WDIV straddle is the cleanest expression of that view. Our scanner prices every WDIV 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 WDIV straddle into a catalyst or short a WDIV straddle to harvest decay, the options straddle setups that matter are all in one place.
