Trading a RETL straddle lets you take a pure volatility position on Direxion Daily Retail Bull 3X ETF without committing to a direction. Direxion Daily Retail Bull 3X 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 RETL straddle pricing in real time and find the moments when expected moves are mispriced.
A long straddle on RETL 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 Direxion Daily Retail Bull 3X 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 RETL straddle price to historical realized moves helps you judge whether the market is overpaying or underpaying for volatility.
The Direxion Daily Retail Bull 3X ETF seeks daily investment results, before fees and expenses, of 300% of the performance of the S&P Retail Select Industry Index. There is no guarantee the fund will achieve its stated investment objective.
Earnings, product cycles, macro prints — any time volatility itself is the trade, the RETL straddle is the cleanest expression of that view. Our scanner prices every RETL 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 RETL straddle into a catalyst or short a RETL straddle to harvest decay, the options straddle setups that matter are all in one place.
