Trading a OIH straddle lets you take a pure volatility position on VanEck Oil Services ETF without committing to a direction. VanEck Oil Services 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 OIH straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on OIH 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 VanEck Oil Services 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 OIH straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
VanEck Oil Services ETF (OIH) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MVIS US Listed Oil Services 25 Index (MVOIHTR), which is intended to track the overall performance of U.S.-listed companies involved in oil services to the upstream oil sector, which include oil equipment, oil services, or oil drilling.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the OIH straddle is the cleanest expression of that view. Our scanner prices every OIH 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 OIH straddle into a catalyst or short a OIH straddle to harvest decay, the options straddle setups that matter are all in one place.
