These ETFs are set for the wildest rides on election week

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With only a week before the U.S. presidential election, options traders are betting a select group of ETFs will see sharp moves in the days after the vote.

So buckle up if you own these exchange-traded funds.

Based on options activity, MKM Partners identified some of the ETFs that could be ripe to soar or dive following the election. The key metric was at-the-money straddles with an expiration date of Nov. 11.

Bold bets in options are notably valuable for traders during market-moving events, because a large number of active investors use derivatives to either hedge existing positions or lever their current holdings.

And so, here are the ETFs expected to have the largest moves.