Trading a XRPI straddle lets you take a pure volatility position on Volatility Shares Trust XRP ETF without committing to a direction. Volatility Shares Trust XRP 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 XRPI straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on XRPI 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 Volatility Shares Trust XRP 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 XRPI straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
XRPI is an actively managed fund focused on achieving returns linked to XRP futures contracts traded on CFTC-registered exchanges, along with collateral investments like cash or high-quality securities. It aims for full participation in XRP returns by using the price of the near-expiry XRP futures contracts and rolling the futures contracts prior to expiration. Though the fund does not invest directly in XRP, it benefits from XRP futures contracts price increases and exposes investors to all downside risk. XRP cryptocurrency is primarily used for facilitating cross-border transactions or payments, utilizing the Ripple network.
The fund may hold XRP futures contracts, shares in other XRP-linked ETPs not registered under the 1940 Act (when applicable), XRP referenced indexes, and swap agreements referencing XRP. The fund utilizes a Cayman Island subsidiary to invest via futures contracts.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the XRPI straddle is the cleanest expression of that view. Our scanner prices every XRPI 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 XRPI straddle into a catalyst or short a XRPI straddle to harvest decay, the options straddle setups that matter are all in one place.
