Davis Select Financial ETF (DFNL) Straddle

Trading a DFNL straddle lets you take a pure volatility position on Davis Select Financial ETF without committing to a direction. Davis Select Financial 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 DFNL straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on DFNL 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 Davis Select Financial 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 DFNL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund's investment adviser, uses the Davis Investment Discipline to invest, under normal market conditions, at least 80% of its net assets plus any borrowings for investment purposes in securities issued by companies principally engaged in the financial services sector. The fund's portfolio generally contains between 15 and 35 companies. It invests, principally, in common stocks. The fund may invest in large, medium or small companies without regard to market capitalization and may invest in issuers in foreign countries, including countries with developed or emerging markets. It is non-diversified.

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