Simplify Health Care ETF (PINK) Straddle

Trading a PINK straddle lets you take a pure volatility position on Simplify Health Care ETF without committing to a direction. Simplify Health Care 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 PINK straddle pricing in real time and find the moments when expected moves are mispriced.

A long straddle on PINK 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 Simplify Health Care 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 PINK straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.

The Simplify Health Care ETF (PINK) seeks long term capital appreciation by providing investors with multi-cap exposure to groundbreaking and innovative companies in biotech, medtech, gene therapy, and other fast growing health care related sectors. Michael Taylor serves as lead portfolio manager of the ETF and brings over two decades of experience managing long/short health care equity portfolios at leading hedge funds. PINK is the first 100% pro bono ETF focused on the health care sector and net profits will be donated for the benefit of the Susan G. Komen foundation on an annual basis. PINK: Shares for the Cure Find out more.

Benefiting Donations$350,000as of 09/01/25

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