Trading a CPXR straddle lets you take a pure volatility position on USCF Daily Target 2X Copper Index ETF without committing to a direction. USCF Daily Target 2X Copper Index 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 CPXR straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CPXR 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 USCF Daily Target 2X Copper Index 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 CPXR straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing principally in cash settled copper futures contracts (“Copper Futures Contracts”), and in cash, cash-like instruments or high-quality securities that serve as collateral to the Copper Futures Contracts (“Collateral Investments”). The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CPXR straddle is the cleanest expression of that view. Our scanner prices every CPXR 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 CPXR straddle into a catalyst or short a CPXR straddle to harvest decay, the options straddle setups that matter are all in one place.
