Trading a YBTC straddle lets you take a pure volatility position on Roundhill Bitcoin Covered Call Strategy ETF without committing to a direction. Roundhill Bitcoin Covered Call Strategy 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 YBTC straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on YBTC 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 Roundhill Bitcoin Covered Call Strategy 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 YBTC straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Roundhill Bitcoin Covered Call Strategy ETF (“YBTC”) is the first U.S. listed bitcoin covered call ETF.1 The Fund offers exposure to exchange-traded products (“ETPs”) that have direct exposure to bitcoin*, subject to a cap, while providing the potential for current income. YBTC is an actively-managed ETF.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the YBTC straddle is the cleanest expression of that view. Our scanner prices every YBTC 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 YBTC straddle into a catalyst or short a YBTC straddle to harvest decay, the options straddle setups that matter are all in one place.
