Trading a XITK straddle lets you take a pure volatility position on State Street SPDR FactSet Innovative Technology ETF without committing to a direction. State Street SPDR FactSet Innovative Technology 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 XITK straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on XITK 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 FactSet Innovative Technology 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 XITK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR FactSet Innovative Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the FactSet Innovative Technology Index (the "Index")Seeks to obtain exposure to companies within sub-sectors with robust revenue growth that may provide leading-edge products and servicesMay offer a way to capture innovation throughout the tech sector and electronic media sub-sector, and not just within one particular trendAs a result of equal weighted index methodology, may reduce stock-specific risk when attempting to overweight the more innovative areas of technology
Earnings, product cycles, macro prints — any time volatility itself is the trade, the XITK straddle is the cleanest expression of that view. Our scanner prices every XITK 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 XITK straddle into a catalyst or short a XITK straddle to harvest decay, the options straddle setups that matter are all in one place.
