How are ALLW straddle max profit and max loss calculated?

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ALLW straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 38.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$203.21 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a ALLW straddle?

The breakeven for the ALLW straddle priced on this page is roughly $26.83 and $31.17 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ALLW market-implied 1-standard-deviation expected move is approximately 10.92%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current ALLW implied volatility affect this straddle?

Current ALLW ATM IV is 38.10%; IV rank context is unavailable in the current snapshot.

ALLW Straddle Strategy

ALLW (State Street Bridgewater All Weather ETF), in the Financial Services sector, (Asset Management - Global industry), listed on NASDAQ.

The State Street Bridgewater All Weather ETF (ALLW) is an actively managed fund that employs a diversified, global approach to asset allocation. Its primary objective is to maintain robustness across a wide spectrum of market conditions, specifically designed to withstand challenging periods such as economic downturns and periods of elevated inflation. To achieve this, ALLW invests across a broad array of global asset classes, which may include both domestic and international equities, various types of bonds (including those linked to inflation), and exposure to commodities. A core tenet of ALLW's strategy is to strategically balance assets with differing sensitivities to economic environments, rather than attempting to predict future market movements. This involves an equal allocation of risk across various growth and inflation scenarios, ensuring a balanced exposure regardless of prevailing economic trends. The fund leverages Bridgewater's deep expertise in portfolio construction and profound understanding of macroeconomic cycles to develop and continually refine its underlying model portfolio.

ALLW (State Street Bridgewater All Weather ETF) trades in the Financial Services sector, specifically Asset Management - Global, with a market capitalization of approximately $432.6M, a beta of 0.37 versus the broader market, a 52-week range of 25.71-30.33, average daily share volume of 679K, a public-listing history dating back to 2025. These structural characteristics shape how ALLW etf options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.37 indicates ALLW has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure. ALLW pays a dividend, which adjusts put-call parity and shifts the ex-dividend pricing across the listed chain.

What is a straddle on ALLW?

A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration.

Current ALLW snapshot

As of June 29, 2026, spot at $29.28, ATM IV 38.10%, expected move 10.92%. The straddle on ALLW below is built from the same end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 18-day expiry.

Why this straddle structure on ALLW specifically: IV rank is unavailable in the current snapshot, so regime-based timing for ALLW is inferred from ATM IV at 38.10% alone, with a market-implied 1-standard-deviation move of approximately 10.92% (roughly $3.20 on the underlying). The 18-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated ALLW expiries trade a higher absolute premium for lower per-day decay. Position sizing on ALLW should anchor to the underlying notional of $29.28 per share and to the trader's directional view on ALLW etf.

ALLW straddle setup

The ALLW straddle below is built from the end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With ALLW near $29.28, the first option leg uses a $29.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed ALLW chain at a 18-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 ALLW shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Call	$29.00	$1.25
Buy 1	Put	$29.00	$0.92

ALLW straddle risk and reward

Net Premium / Debit: -$217.00
Max Profit (per contract): Unbounded
Max Loss (per contract): -$203.21
Breakeven(s): $26.83, $31.17
Risk / Reward Ratio: Unbounded

Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit.

ALLW straddle payoff curve

Modeled P&L at expiration across a range of underlying prices for the straddle on ALLW. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$2,682.00
$6.48	-77.9%	+$2,034.71
$12.96	-55.8%	+$1,387.43
$19.43	-33.6%	+$740.14
$25.90	-11.5%	+$92.85
$32.37	+10.6%	+$120.43
$38.85	+32.7%	+$767.72
$45.32	+54.8%	+$1,415.01
$51.79	+76.9%	+$2,062.29
$58.27	+99.0%	+$2,709.58

When traders use straddle on ALLW

Straddles on ALLW are pure-volatility plays that profit from large moves in either direction; traders typically buy ALLW straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.

ALLW thesis for this straddle

The market-implied 1-standard-deviation range for ALLW extends from approximately $26.08 on the downside to $32.48 on the upside. A ALLW long straddle is a pure-volatility play: it profits when the underlying moves far enough from the strike in either direction to overcome the combined call plus put debit, regardless of direction. As a Financial Services name, ALLW options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to ALLW-specific events.

ALLW straddle positions are structurally neutral / high-volatility (long premium); the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. ALLW positions also carry Financial Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move ALLW alongside the broader basket even when ALLW-specific fundamentals are unchanged. Always rebuild the position from current ALLW chain quotes before placing a trade.

Frequently asked questions

What is a straddle on ALLW?: A straddle on ALLW is the straddle strategy applied to ALLW (etf). The strategy is structurally neutral / high-volatility (long premium): A long straddle buys an ATM call and an ATM put at the same strike, profiting from a large move in either direction; max loss equals the combined debit when the underlying pins to the strike at expiration. With ALLW etf trading near $29.28, the strikes shown on this page are snapped to the nearest listed ALLW chain strike and the premiums come straight from the end-of-day bid/ask midpoint.
How are ALLW straddle max profit and max loss calculated?: Upside max profit is unbounded; downside max profit is bounded at the strike minus the combined call plus put debit (reached at zero). Max loss equals the combined debit times 100 (reached when the underlying pins to the strike). Two breakevens at strike plus debit and strike minus debit. For the ALLW straddle priced from the end-of-day chain at a 30-day expiry (ATM IV 38.10%), the computed maximum profit is unbounded per contract and the computed maximum loss is -$203.21 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a ALLW straddle?: The breakeven for the ALLW straddle priced on this page is roughly $26.83 and $31.17 at expiration, derived from end-of-day chain premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The current ALLW market-implied 1-standard-deviation expected move is approximately 10.92%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a straddle on ALLW?: Straddles on ALLW are pure-volatility plays that profit from large moves in either direction; traders typically buy ALLW straddles ahead of earnings, FDA decisions, or other catalysts where the realized move is expected to exceed the implied move priced into the chain.
How does current ALLW implied volatility affect this straddle?: Current ALLW ATM IV is 38.10%; IV rank context is unavailable in the current snapshot.