ProShares MSCI EAFE Dividend Growers ETF (EFAD) Straddle

Trading a EFAD straddle lets you take a pure volatility position on ProShares MSCI EAFE Dividend Growers ETF without committing to a direction. ProShares MSCI EAFE Dividend Growers 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 EFAD straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on EFAD 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 MSCI EAFE Dividend Growers 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 EFAD straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The index, constructed and maintained by MSCI, targets companies that are currently members of the MSCI EAFE Index ("MSCI EAFE") and have increased dividend payments each year for at least 10 years. The index contains a minimum of 40 stocks, which are equally weighted. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities.

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