REX WMT Growth & Income ETF (WMTI) Straddle

Trading a WMTI straddle lets you take a pure volatility position on REX WMT Growth & Income ETF without committing to a direction. REX WMT Growth & Income 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 WMTI straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on WMTI 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 REX WMT Growth & Income 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 WMTI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Under typical market circumstances, this exchange-traded fund (ETF) allocates a minimum of 80% of its total capital (inclusive of borrowed funds) to investments directly in WMT stock, instruments providing exposure to WMT, or securities designed to yield income from WMT-related positions. Its principal strategy for achieving this notional WMT exposure involves utilizing various options contracts on WMT, encompassing both conventional exchange-traded options and customizable Flexible EXchange® (FLEX) Options. Investors should be aware that this fund is classified as non-diversified.

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