Trading a ERY straddle lets you take a pure volatility position on Direxion Daily Energy Bear 2X ETF without committing to a direction. Direxion Daily Energy Bear 2X 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 ERY straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on ERY 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 Direxion Daily Energy Bear 2X 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 ERY straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Direxion Daily Energy Bull and Bear 2X ETFs seeks daily investment results, before fees and expenses, of 200%, or 200% of the inverse (or opposite), of the performance of the Energy Select Sector Index. There is no guarantee the funds will achieve their stated investment objectives.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the ERY straddle is the cleanest expression of that view. Our scanner prices every ERY 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 ERY straddle into a catalyst or short a ERY straddle to harvest decay, the options straddle setups that matter are all in one place.
