Amplify CEF High Income ETF (YYY) Straddle

Trading a YYY straddle lets you take a pure volatility position on Amplify CEF High Income ETF without committing to a direction. Amplify CEF High 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 YYY straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on YYY 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 Amplify CEF High 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 YYY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

Amplify CEF High Income ETF (YYY)1 is a portfolio of 60 closed-end funds (CEFs) based on a rules based index. The Nasdaq CEF High Income Index selects CEFs ranked highest overall by Nasdaq in the following factors: Yield, Discount to Net Asset Value (NAV), and Liquidity. This investment approach results in a portfolio which contains a variety of asset classes, investment strategies and asset managers.

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