VanEck Preferred Securities ex Financials ETF (PFXF) Straddle

Trading a PFXF straddle lets you take a pure volatility position on VanEck Preferred Securities ex Financials ETF without committing to a direction. VanEck Preferred Securities ex Financials 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 PFXF straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PFXF 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 Preferred Securities ex Financials 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 PFXF straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The VanEck Preferred Securities ex Financials ETF (PFXF) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the ICE Exchange-Listed Fixed & Adjustable Rate Non-Financial Preferred Securities Index (PFAN4PM), which is intended to track the overall performance of U.S. exchange-listed hybrid debt, preferred stock and convertible preferred stock issued by non-financial corporations.

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