Trading a FAS straddle lets you take a pure volatility position on Direxion Financial Bull 3X ETF without committing to a direction. Direxion Financial Bull 3X 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 FAS straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on FAS 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 Financial Bull 3X 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 FAS straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Direxion Daily Financial Bull and Bear 3X ETF seek daily investment results, before fees and expenses, of 300%, or 300% of the inverse (or opposite), of the performance of the Financial Select Sector Index. There is no guarantee the funds will achieve their stated investment objective.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the FAS straddle is the cleanest expression of that view. Our scanner prices every FAS 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 FAS straddle into a catalyst or short a FAS straddle to harvest decay, the options straddle setups that matter are all in one place.
