Unlimited HFND Multi Strategy Return Tracker ETF (HFND) Straddle

Trading a HFND straddle lets you take a pure volatility position on Unlimited HFND Multi Strategy Return Tracker ETF without committing to a direction. Unlimited HFND Multi Strategy Return Tracker 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 HFND straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on HFND 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 Unlimited HFND Multi Strategy Return Tracker 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 HFND straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The fund's portfolio will generally consist of long and short positions in 30 to 50 Underlying ETFs and futures contracts. In addition, the fund may invest in swap agreements. It will not invest in hedge funds. To achieve an appropriate risk/return profile for the fund's portfolio, the fund will also "short" the securities of Underlying ETFs. It is non-diversified.

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