Trading a XNTK straddle lets you take a pure volatility position on State Street SPDR NYSE Technology ETF without committing to a direction. State Street SPDR NYSE 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 XNTK straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on XNTK 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 NYSE 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 XNTK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The State Street SPDR NYSE Technology ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the NYSE Technology Index (the "Index").The NYSE Technology Index is composed of 35 leading US-listed technology-related companies. The Index is equal-weighted at its annual rebalance. The index comprises stocks in the Information Technology sector and technology-related stocks in the Consumer Discretionary sector.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the XNTK straddle is the cleanest expression of that view. Our scanner prices every XNTK 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 XNTK straddle into a catalyst or short a XNTK straddle to harvest decay, the options straddle setups that matter are all in one place.
