Trading a WGMI straddle lets you take a pure volatility position on CoinShares Bitcoin Mining and Digital Power ETF without committing to a direction. CoinShares Bitcoin Mining and Digital Power 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 WGMI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on WGMI 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 CoinShares Bitcoin Mining and Digital Power 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 WGMI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The CoinShares Bitcoin Mining ETF (WGMI) is an actively-managed ETF providing investors with the opportunity to gain targeted exposure to the Bitcoin mining industry. WGMI is managed by an expert team from CoinShares Funds LLC dba CoinShares (the “Adviser”), a wholly owned subsidiary of CoinShares International Limited, a leading publicly listed investment management firm specializing in digital assets.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the WGMI straddle is the cleanest expression of that view. Our scanner prices every WGMI 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 WGMI straddle into a catalyst or short a WGMI straddle to harvest decay, the options straddle setups that matter are all in one place.
