Trading a CSM straddle lets you take a pure volatility position on ProShares Large Cap Core Plus without committing to a direction. ProShares Large Cap Core Plus'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 CSM straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on CSM 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 ProShares Large Cap Core Plus 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 CSM straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The fund invests in financial instruments that ProShare Advisors believes, in combination, should track the performance of the index. The index is designed to replicate an investment strategy that establishes either long or short positions in the stocks of 500 leading large-cap U.S. companies (the "Universe") by applying a rules-based ranking and weighting methodology. The fund is non-diversified.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the CSM straddle is the cleanest expression of that view. Our scanner prices every CSM 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 CSM straddle into a catalyst or short a CSM straddle to harvest decay, the options straddle setups that matter are all in one place.
