Trading a PFFA straddle lets you take a pure volatility position on Virtus InfraCap U.S. Preferred Stock ETF without committing to a direction. Virtus InfraCap U.S. Preferred Stock 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 PFFA straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on PFFA 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 Virtus InfraCap U.S. Preferred Stock 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 PFFA straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Fund seeks current income and, secondarily, capital appreciation through a portfolio of preferred securities issued by U.S. companies with market capitalizations of over $100 million.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the PFFA straddle is the cleanest expression of that view. Our scanner prices every PFFA 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 PFFA straddle into a catalyst or short a PFFA straddle to harvest decay, the options straddle setups that matter are all in one place.
